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$0$0$485,154
Remaining term (yrs)27.827.830.0
Secondary amount$0$485,154$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.750%7.560%
1st payment$0.00$0.00$3,332.67
2nd payment$0.00$3,133.29$0.00
Taxes / mo$449.22$449.22$449.22
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.03
HOA / mo$0.00$0.00$0.00
Total monthly$615.88$3,749.17$4,045.59
Cash to close$539,060$53,906$53,906