Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$459,829$459,829$495,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$35,171$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%6.975%7.640%
1st payment$2,968.62$2,968.62$3,427.28
2nd payment$0.00$263.79$0.00
Taxes / mo$277.50$277.50$277.50
Insurance / mo$166.67$166.67$166.67
MI / mo$220.52$220.52$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,633.31$3,897.09$3,970.45
Cash to close$90,171$55,000$55,000