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$472,751$472,751$504,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$31,249$0
Funding fee$0$0$0
Note rate4.050%4.050%7.400%
Blended rate4.900%5.154%7.640%
1st payment$2,629.66$2,629.66$3,489.59
2nd payment$0.00$234.37$0.00
Taxes / mo$279.17$279.17$279.17
Insurance / mo$166.67$166.67$166.67
MI / mo$387.81$387.81$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,463.30$3,697.67$4,036.23
Cash to close$87,249$56,000$56,000