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$427,507$427,507$486,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$58,493$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.082%7.640%
1st payment$2,756.58$2,756.58$3,364.97
2nd payment$0.00$438.70$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$204.76$204.76$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,578.01$4,016.71$4,078.83
Cash to close$112,493$54,000$54,000