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$486,159$486,159$490,500
Remaining term (yrs)29.229.230.0
Secondary amount$0$31,591$0
Funding fee$0$0$0
Note rate6.230%6.230%7.400%
Blended rate6.780%7.091%7.640%
1st payment$3,010.40$3,010.40$3,396.12
2nd payment$0.00$312.62$0.00
Taxes / mo$586.08$586.08$586.08
Insurance / mo$166.67$166.67$166.67
MI / mo$224.57$224.57$98.10
HOA / mo$110.67$110.67$110.67
Total monthly$4,098.39$4,411.01$4,357.64
Cash to close$58,841$27,250$54,500