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$474,448$474,448$499,499
Remaining term (yrs)26.426.430.0
Secondary amount$0$25,051$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%6.920%7.640%
1st payment$3,056.28$3,056.28$3,458.43
2nd payment$0.00$187.88$0.00
Taxes / mo$462.50$462.50$462.50
Insurance / mo$166.67$166.67$166.67
MI / mo$227.27$227.27$99.90
HOA / mo$0.00$0.00$0.00
Total monthly$3,912.71$4,100.59$4,187.50
Cash to close$80,551$55,500$55,500