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$492,113$492,113$530,820
Remaining term (yrs)25.625.630.0
Secondary amount$0$38,707$0
Funding fee$0$0$0
Note rate4.670%4.670%7.400%
Blended rate5.520%5.774%7.640%
1st payment$2,740.36$2,740.36$3,675.29
2nd payment$0.00$290.30$0.00
Taxes / mo$491.50$491.50$491.50
Insurance / mo$166.67$166.67$166.67
MI / mo$375.57$375.57$106.16
HOA / mo$0.00$0.00$0.00
Total monthly$3,774.10$4,064.40$4,439.62
Cash to close$97,687$58,980$58,980