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$490,118$490,118$495,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$32,382$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.677%7.560%
1st payment$3,263.62$3,263.62$3,400.31
2nd payment$0.00$320.44$0.00
Taxes / mo$626.51$626.51$626.51
Insurance / mo$166.67$166.67$166.67
MI / mo$228.28$228.28$99.00
HOA / mo$30.42$30.42$30.42
Total monthly$4,315.50$4,635.94$4,322.90
Cash to close$59,882$27,500$55,000