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$479,100$479,100$612,000
Remaining term (yrs)28.228.230.0
Secondary amount$0$132,900$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.256%7.560%
1st payment$3,087.02$3,087.02$4,204.02
2nd payment$0.00$886.00$0.00
Taxes / mo$373.25$373.25$373.25
Insurance / mo$166.67$166.67$166.67
MI / mo$223.85$223.85$122.40
HOA / mo$91.67$91.67$91.67
Total monthly$3,942.46$4,828.46$4,958.00
Cash to close$200,900$68,000$68,000