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$492,560$492,560$602,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$109,540$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.100%7.640%
1st payment$3,136.07$3,136.07$4,168.82
2nd payment$0.00$730.27$0.00
Taxes / mo$557.50$557.50$557.50
Insurance / mo$166.67$166.67$166.67
MI / mo$231.00$231.00$120.42
HOA / mo$165.00$165.00$165.00
Total monthly$4,256.23$4,986.50$5,178.41
Cash to close$176,440$66,900$66,900