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$479,050$479,050$499,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$48,200$0
Funding fee$0$0$0
Note rate6.190%6.190%7.400%
Blended rate6.740%7.209%7.640%
1st payment$2,957.00$2,957.00$3,458.44
2nd payment$0.00$476.98$0.00
Taxes / mo$293.92$293.92$293.92
Insurance / mo$166.67$166.67$166.67
MI / mo$221.52$221.52$99.90
HOA / mo$0.00$0.00$0.00
Total monthly$3,639.10$4,116.09$4,018.92
Cash to close$75,950$27,750$55,500