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$494,194$494,194$549,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$54,806$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.110%7.640%
1st payment$3,146.47$3,146.47$3,801.17
2nd payment$0.00$411.05$0.00
Taxes / mo$663.00$663.00$663.00
Insurance / mo$166.67$166.67$166.67
MI / mo$231.77$231.77$109.80
HOA / mo$30.92$30.92$30.92
Total monthly$4,238.82$4,649.87$4,771.55
Cash to close$115,806$61,000$61,000