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$487,962$487,962$487,350
Remaining term (yrs)29.429.430.0
Secondary amount$0$26,463$0
Funding fee$0$0$0
Note rate5.980%5.980%7.400%
Blended rate6.530%6.805%7.640%
1st payment$2,937.14$2,937.14$3,374.31
2nd payment$0.00$261.87$0.00
Taxes / mo$398.50$398.50$398.50
Insurance / mo$166.67$166.67$166.67
MI / mo$225.02$225.02$97.47
HOA / mo$100.00$100.00$100.00
Total monthly$3,827.32$4,089.19$4,136.95
Cash to close$53,538$27,075$54,150