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$492,185$492,185$526,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$34,315$0
Funding fee$0$0$0
Note rate6.630%6.630%7.320%
Blended rate7.180%7.299%7.560%
1st payment$3,246.23$3,246.23$3,616.69
2nd payment$0.00$257.36$0.00
Taxes / mo$519.92$519.92$519.92
Insurance / mo$166.67$166.67$166.67
MI / mo$232.24$232.24$105.30
HOA / mo$146.67$146.67$146.67
Total monthly$4,311.72$4,569.08$4,555.24
Cash to close$92,815$58,500$58,500