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$492,802$492,802$512,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$48,603$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.820%7.640%
1st payment$3,287.98$3,287.98$3,551.29
2nd payment$0.00$480.97$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$4,159.08$4,640.05$4,295.45
Cash to close$77,098$28,495$56,990