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$492,363$492,363$559,620
Remaining term (yrs)27.527.530.0
Secondary amount$0$67,257$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.452%7.640%
1st payment$3,259.64$3,259.64$3,874.70
2nd payment$0.00$504.43$0.00
Taxes / mo$518.17$518.17$518.17
Insurance / mo$166.67$166.67$166.67
MI / mo$231.77$231.77$111.92
HOA / mo$0.00$0.00$0.00
Total monthly$4,176.24$4,680.67$4,671.45
Cash to close$129,437$62,180$62,180