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$486,511$486,511$508,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$50,239$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.909%7.640%
1st payment$3,293.57$3,293.57$3,520.75
2nd payment$0.00$497.15$0.00
Taxes / mo$470.83$470.83$470.83
Insurance / mo$166.67$166.67$166.67
MI / mo$228.05$228.05$101.70
HOA / mo$100.00$100.00$100.00
Total monthly$4,259.12$4,756.27$4,359.95
Cash to close$78,489$28,250$56,500