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$480,198$480,198$504,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$51,802$0
Funding fee$0$0$0
Note rate5.410%5.410%7.400%
Blended rate6.260%6.807%7.640%
1st payment$2,870.26$2,870.26$3,489.59
2nd payment$0.00$512.63$0.00
Taxes / mo$466.67$466.67$466.67
Insurance / mo$166.67$166.67$166.67
MI / mo$361.66$361.66$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,865.25$4,377.88$4,223.73
Cash to close$79,802$28,000$56,000