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$495,420$495,420$499,410
Remaining term (yrs)28.128.130.0
Secondary amount$0$31,735$0
Funding fee$0$0$0
Note rate6.440%6.440%7.320%
Blended rate6.990%7.284%7.560%
1st payment$3,176.26$3,176.26$3,430.60
2nd payment$0.00$314.04$0.00
Taxes / mo$647.75$647.75$647.75
Insurance / mo$166.67$166.67$166.67
MI / mo$231.77$231.77$99.88
HOA / mo$0.00$0.00$0.00
Total monthly$4,222.45$4,536.49$4,344.90
Cash to close$59,480$27,745$55,490