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$483,485$483,485$584,999
Remaining term (yrs)28.928.930.0
Secondary amount$0$101,514$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.281%7.640%
1st payment$3,112.76$3,112.76$4,050.42
2nd payment$0.00$676.76$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$223.85$223.85$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,044.94$4,721.70$4,875.75
Cash to close$166,514$65,000$65,000