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$493,256$493,256$517,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$52,994$0
Funding fee$0$0$0
Note rate6.330%6.330%7.320%
Blended rate6.880%7.365%7.560%
1st payment$3,203.06$3,203.06$3,554.87
2nd payment$0.00$524.42$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$236.43$236.43$103.50
HOA / mo$299.00$299.00$299.00
Total monthly$4,384.32$4,908.75$4,603.20
Cash to close$81,744$28,750$57,500