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$496,459$496,459$521,550
Remaining term (yrs)27.927.930.0
Secondary amount$0$25,091$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.115%7.640%
1st payment$3,199.20$3,199.20$3,611.11
2nd payment$0.00$188.18$0.00
Taxes / mo$294.33$294.33$294.33
Insurance / mo$166.67$166.67$166.67
MI / mo$232.71$232.71$104.31
HOA / mo$48.00$48.00$48.00
Total monthly$3,940.91$4,129.09$4,224.42
Cash to close$83,041$57,950$57,950