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$492,989$492,989$516,663
Remaining term (yrs)27.427.430.0
Secondary amount$0$52,378$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.640%7.560%
1st payment$3,251.25$3,251.25$3,549.12
2nd payment$0.00$518.32$0.00
Taxes / mo$666.83$666.83$666.83
Insurance / mo$166.67$166.67$166.67
MI / mo$232.36$232.36$103.33
HOA / mo$0.00$0.00$0.00
Total monthly$4,317.12$4,835.44$4,485.95
Cash to close$81,081$28,704$57,407