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$0$0$494,910
Remaining term (yrs)0.00.030.0
Secondary amount$0$494,910$0
Funding fee$0$0$0
Note rate6.970%6.970%7.320%
Blended rate7.820%7.750%7.560%
1st payment$557.97$557.97$3,399.69
2nd payment$0.00$3,196.29$0.00
Taxes / mo$458.25$458.25$458.25
Insurance / mo$166.67$166.67$166.67
MI / mo$59.59$59.59$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,242.47$4,438.77$4,123.59
Cash to close$549,900$54,990$54,990