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$492,454$492,454$657,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$164,546$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.550%7.640%
1st payment$3,266.93$3,266.93$4,548.94
2nd payment$0.00$1,096.97$0.00
Taxes / mo$405.92$405.92$405.92
Insurance / mo$216.67$216.67$216.67
MI / mo$228.51$228.51$131.40
HOA / mo$31.25$31.25$31.25
Total monthly$4,149.28$5,246.25$5,334.17
Cash to close$237,546$73,000$73,000