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$484,385$484,385$494,999
Remaining term (yrs)28.828.830.0
Secondary amount$0$38,114$0
Funding fee$0$0$0
Note rate6.840%6.840%7.320%
Blended rate7.390%7.717%7.560%
1st payment$3,207.24$3,207.24$3,400.30
2nd payment$0.00$377.17$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$224.57$224.57$99.00
HOA / mo$481.33$481.33$481.33
Total monthly$4,538.14$4,915.31$4,605.63
Cash to close$65,614$27,500$55,000