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$488,540$488,540$504,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$43,460$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.729%7.640%
1st payment$3,299.97$3,299.97$3,489.59
2nd payment$0.00$430.08$0.00
Taxes / mo$457.50$457.50$457.50
Insurance / mo$166.67$166.67$166.67
MI / mo$231.77$231.77$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$4,155.91$4,585.98$4,214.56
Cash to close$71,460$28,000$56,000