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$497,058$497,058$629,999
Remaining term (yrs)28.728.730.0
Secondary amount$0$132,941$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.250%7.640%
1st payment$3,183.49$3,183.49$4,361.99
2nd payment$0.00$886.27$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$230.85$230.85$126.00
HOA / mo$355.00$355.00$355.00
Total monthly$4,519.33$5,405.60$5,592.99
Cash to close$202,941$70,000$70,000