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$482,041$482,041$513,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$30,959$0
Funding fee$0$0$0
Note rate6.430%6.430%7.320%
Blended rate6.980%7.102%7.560%
1st payment$3,145.80$3,145.80$3,523.95
2nd payment$0.00$232.20$0.00
Taxes / mo$497.42$497.42$497.42
Insurance / mo$166.67$166.67$166.67
MI / mo$229.78$229.78$102.60
HOA / mo$105.00$105.00$105.00
Total monthly$4,144.67$4,376.87$4,395.64
Cash to close$87,959$57,000$57,000