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$497,918$497,918$566,100
Remaining term (yrs)27.727.730.0
Secondary amount$0$68,182$0
Funding fee$0$0$0
Note rate7.020%7.020%7.320%
Blended rate7.570%7.742%7.560%
1st payment$3,396.99$3,396.99$3,888.71
2nd payment$0.00$511.37$0.00
Taxes / mo$246.67$246.67$246.67
Insurance / mo$166.67$166.67$166.67
MI / mo$233.55$233.55$113.22
HOA / mo$0.00$0.00$0.00
Total monthly$4,043.87$4,555.24$4,415.27
Cash to close$131,082$62,900$62,900