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$491,513$491,513$530,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$38,587$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.266%7.640%
1st payment$3,164.45$3,164.45$3,670.31
2nd payment$0.00$289.40$0.00
Taxes / mo$490.83$490.83$490.83
Insurance / mo$166.67$166.67$166.67
MI / mo$227.57$227.57$106.02
HOA / mo$249.00$249.00$249.00
Total monthly$4,298.52$4,587.92$4,682.83
Cash to close$97,487$58,900$58,900