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$484,992$484,992$504,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$47,008$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.759%7.560%
1st payment$3,279.55$3,279.55$3,462.13
2nd payment$0.00$465.18$0.00
Taxes / mo$419.75$419.75$419.75
Insurance / mo$166.67$166.67$166.67
MI / mo$230.33$230.33$100.80
HOA / mo$85.00$85.00$85.00
Total monthly$4,181.30$4,646.48$4,234.35
Cash to close$75,008$28,000$56,000