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$489,112$489,112$517,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$28,388$0
Funding fee$0$0$0
Note rate6.110%6.110%7.320%
Blended rate6.660%6.788%7.560%
1st payment$2,981.83$2,981.83$3,554.87
2nd payment$0.00$212.91$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$225.29$225.29$103.50
HOA / mo$161.00$161.00$161.00
Total monthly$4,013.95$4,226.86$4,465.20
Cash to close$85,888$57,500$57,500