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$489,106$489,106$710,100
Remaining term (yrs)28.128.130.0
Secondary amount$0$220,994$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.468%7.640%
1st payment$3,247.02$3,247.02$4,916.59
2nd payment$0.00$1,427.25$0.00
Taxes / mo$657.50$657.50$657.50
Insurance / mo$216.67$216.67$216.67
MI / mo$228.51$228.51$142.02
HOA / mo$198.00$198.00$198.00
Total monthly$4,547.70$5,974.95$6,130.78
Cash to close$299,894$78,900$78,900