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$485,324$485,324$544,499
Remaining term (yrs)25.925.930.0
Secondary amount$0$59,175$0
Funding fee$0$0$0
Note rate5.510%5.510%7.400%
Blended rate6.360%6.647%7.640%
1st payment$2,930.13$2,930.13$3,770.00
2nd payment$0.00$443.81$0.00
Taxes / mo$504.17$504.17$504.17
Insurance / mo$166.67$166.67$166.67
MI / mo$365.14$365.14$108.90
HOA / mo$0.00$0.00$0.00
Total monthly$3,966.10$4,409.91$4,549.73
Cash to close$119,675$60,500$60,500