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$484,334$484,334$495,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$38,166$0
Funding fee$0$0$0
Note rate6.230%6.230%7.400%
Blended rate6.780%7.152%7.640%
1st payment$2,996.12$2,996.12$3,427.28
2nd payment$0.00$377.69$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$223.50$223.50$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,844.62$4,222.31$4,151.28
Cash to close$65,666$27,500$55,000