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$486,969$486,969$522,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$35,031$0
Funding fee$0$0$0
Note rate6.280%6.280%7.320%
Blended rate6.830%6.976%7.560%
1st payment$3,139.25$3,139.25$3,585.78
2nd payment$0.00$262.73$0.00
Taxes / mo$177.00$177.00$177.00
Insurance / mo$166.67$166.67$166.67
MI / mo$232.94$232.94$104.40
HOA / mo$55.00$55.00$55.00
Total monthly$3,770.86$4,033.59$4,088.84
Cash to close$93,031$58,000$58,000