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$491,912$491,912$512,910
Remaining term (yrs)27.327.330.0
Secondary amount$0$49,493$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.609%7.640%
1st payment$3,247.90$3,247.90$3,551.29
2nd payment$0.00$489.78$0.00
Taxes / mo$845.38$845.38$845.38
Insurance / mo$166.67$166.67$166.67
MI / mo$232.36$232.36$102.58
HOA / mo$0.00$0.00$0.00
Total monthly$4,492.31$4,982.09$4,665.91
Cash to close$77,988$28,495$56,990