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$493,427$493,427$512,910
Remaining term (yrs)28.528.530.0
Secondary amount$0$47,978$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.614%7.640%
1st payment$3,214.72$3,214.72$3,551.29
2nd payment$0.00$474.78$0.00
Taxes / mo$474.92$474.92$474.92
Insurance / mo$166.67$166.67$166.67
MI / mo$229.52$229.52$102.58
HOA / mo$0.00$0.00$0.00
Total monthly$4,085.82$4,560.59$4,295.45
Cash to close$76,473$28,495$56,990