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$498,000$498,000$576,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$78,000$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.401%7.640%
1st payment$3,237.85$3,237.85$3,988.11
2nd payment$0.00$585.00$0.00
Taxes / mo$139.92$139.92$139.92
Insurance / mo$166.67$166.67$166.67
MI / mo$232.36$232.36$115.20
HOA / mo$125.00$125.00$125.00
Total monthly$3,901.79$4,486.80$4,534.89
Cash to close$142,000$64,000$64,000