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$497,287$497,287$576,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$78,713$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.481%7.560%
1st payment$3,299.15$3,299.15$3,956.72
2nd payment$0.00$590.35$0.00
Taxes / mo$737.50$737.50$737.50
Insurance / mo$166.67$166.67$166.67
MI / mo$234.58$234.58$115.20
HOA / mo$0.00$0.00$0.00
Total monthly$4,437.89$5,028.24$4,976.09
Cash to close$142,713$64,000$64,000