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$485,962$485,962$944,100
Remaining term (yrs)28.528.530.0
Secondary amount$0$458,138$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.477%7.640%
1st payment$3,172.43$3,172.43$6,536.76
2nd payment$0.00$2,958.81$0.00
Taxes / mo$874.17$874.17$874.17
Insurance / mo$216.67$216.67$216.67
MI / mo$226.03$226.03$188.82
HOA / mo$73.00$73.00$73.00
Total monthly$4,562.30$7,521.10$7,889.41
Cash to close$563,038$104,900$104,900