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$491,296$491,296$584,999
Remaining term (yrs)25.925.930.0
Secondary amount$0$93,703$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%6.607%7.640%
1st payment$2,904.22$2,904.22$4,050.42
2nd payment$0.00$702.77$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$370.45$370.45$117.00
HOA / mo$360.00$360.00$360.00
Total monthly$4,343.00$5,045.78$5,235.75
Cash to close$158,703$65,000$65,000