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$480,603$480,603$517,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$36,897$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.189%7.560%
1st payment$3,103.09$3,103.09$3,554.87
2nd payment$0.00$276.73$0.00
Taxes / mo$524.17$524.17$524.17
Insurance / mo$166.67$166.67$166.67
MI / mo$225.02$225.02$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,018.94$4,295.67$4,349.20
Cash to close$94,397$57,500$57,500