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$496,547$496,547$674,991
Remaining term (yrs)26.826.830.0
Secondary amount$0$178,444$0
Funding fee$0$0$0
Note rate6.710%6.710%7.320%
Blended rate7.260%7.456%7.560%
1st payment$3,325.66$3,325.66$4,636.72
2nd payment$0.00$1,189.63$0.00
Taxes / mo$640.08$640.08$640.08
Insurance / mo$216.67$216.67$216.67
MI / mo$235.98$235.98$135.00
HOA / mo$108.00$108.00$108.00
Total monthly$4,526.39$5,716.01$5,736.47
Cash to close$253,443$74,999$74,999