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$498,940$498,940$580,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$81,560$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.126%7.640%
1st payment$3,209.40$3,209.40$4,019.26
2nd payment$0.00$611.70$0.00
Taxes / mo$537.50$537.50$537.50
Insurance / mo$166.67$166.67$166.67
MI / mo$238.40$238.40$116.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,151.96$4,763.66$4,839.53
Cash to close$146,060$64,500$64,500