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$485,215$485,215$612,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$126,785$0
Funding fee$0$0$0
Note rate6.730%6.730%7.400%
Blended rate7.280%7.429%7.640%
1st payment$3,211.75$3,211.75$4,237.36
2nd payment$0.00$845.24$0.00
Taxes / mo$566.67$566.67$566.67
Insurance / mo$166.67$166.67$166.67
MI / mo$227.43$227.43$122.40
HOA / mo$0.00$0.00$0.00
Total monthly$4,172.51$5,017.74$5,093.10
Cash to close$194,785$68,000$68,000