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$483,970$483,970$539,100
Remaining term (yrs)28.628.630.0
Secondary amount$0$55,130$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.564%7.640%
1st payment$3,213.62$3,213.62$3,732.62
2nd payment$0.00$413.48$0.00
Taxes / mo$499.17$499.17$499.17
Insurance / mo$166.67$166.67$166.67
MI / mo$224.78$224.78$107.82
HOA / mo$150.00$150.00$150.00
Total monthly$4,254.24$4,667.71$4,656.27
Cash to close$115,030$59,900$59,900