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$484,090$484,090$504,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$47,910$0
Funding fee$0$0$0
Note rate5.130%5.130%7.400%
Blended rate5.980%6.511%7.640%
1st payment$2,808.36$2,808.36$3,489.59
2nd payment$0.00$474.11$0.00
Taxes / mo$466.67$466.67$466.67
Insurance / mo$166.67$166.67$166.67
MI / mo$365.14$365.14$100.80
HOA / mo$54.00$54.00$54.00
Total monthly$3,860.83$4,334.95$4,277.73
Cash to close$75,910$28,000$56,000