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$483,720$483,720$517,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$33,780$0
Funding fee$0$0$0
Note rate6.870%6.870%7.320%
Blended rate7.420%7.523%7.560%
1st payment$3,249.30$3,249.30$3,554.87
2nd payment$0.00$253.35$0.00
Taxes / mo$254.75$254.75$254.75
Insurance / mo$166.67$166.67$166.67
MI / mo$226.82$226.82$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,897.53$4,150.88$4,079.78
Cash to close$91,280$57,500$57,500