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$491,124$491,124$517,410
Remaining term (yrs)25.825.830.0
Secondary amount$0$26,286$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.228%7.640%
1st payment$2,887.06$2,887.06$3,582.44
2nd payment$0.00$197.14$0.00
Taxes / mo$479.08$479.08$479.08
Insurance / mo$166.67$166.67$166.67
MI / mo$371.17$371.17$103.48
HOA / mo$0.00$0.00$0.00
Total monthly$3,903.98$4,101.12$4,331.67
Cash to close$83,776$57,490$57,490