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$495,998$495,998$539,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$43,912$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.071%7.640%
1st payment$3,154.59$3,154.59$3,738.23
2nd payment$0.00$329.34$0.00
Taxes / mo$482.83$482.83$482.83
Insurance / mo$166.67$166.67$166.67
MI / mo$232.36$232.36$107.98
HOA / mo$0.00$0.00$0.00
Total monthly$4,036.45$4,365.79$4,495.71
Cash to close$103,902$59,990$59,990