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$480,388$480,388$495,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$42,112$0
Funding fee$0$0$0
Note rate6.160%6.160%7.400%
Blended rate6.710%7.126%7.640%
1st payment$2,947.06$2,947.06$3,427.28
2nd payment$0.00$416.74$0.00
Taxes / mo$506.67$506.67$506.67
Insurance / mo$166.67$166.67$166.67
MI / mo$221.48$221.48$99.00
HOA / mo$63.75$63.75$63.75
Total monthly$3,905.62$4,322.36$4,263.36
Cash to close$69,612$27,500$55,000