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$481,591$481,591$495,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$40,909$0
Funding fee$0$0$0
Note rate5.550%5.550%7.400%
Blended rate6.400%6.829%7.640%
1st payment$2,915.06$2,915.06$3,427.28
2nd payment$0.00$404.83$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$361.66$361.66$99.00
HOA / mo$78.00$78.00$78.00
Total monthly$3,979.72$4,384.55$4,229.28
Cash to close$68,409$27,500$55,000