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$498,469$498,469$512,955
Remaining term (yrs)28.028.030.0
Secondary amount$0$42,983$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.295%7.640%
1st payment$3,173.69$3,173.69$3,551.60
2nd payment$0.00$425.35$0.00
Taxes / mo$474.96$474.96$474.96
Insurance / mo$166.67$166.67$166.67
MI / mo$233.77$233.77$102.59
HOA / mo$0.00$0.00$0.00
Total monthly$4,049.09$4,474.45$4,295.81
Cash to close$71,481$28,498$56,995