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$488,764$488,764$701,100
Remaining term (yrs)28.128.130.0
Secondary amount$0$212,336$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.332%7.640%
1st payment$3,184.19$3,184.19$4,854.27
2nd payment$0.00$1,371.34$0.00
Taxes / mo$649.17$649.17$649.17
Insurance / mo$216.67$216.67$216.67
MI / mo$228.51$228.51$140.22
HOA / mo$198.00$198.00$198.00
Total monthly$4,476.54$5,847.88$6,058.33
Cash to close$290,236$77,900$77,900