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$483,810$483,810$495,000
Remaining term (yrs)29.629.630.0
Secondary amount$0$38,690$0
Funding fee$0$0$0
Note rate6.530%6.530%7.400%
Blended rate7.080%7.435%7.640%
1st payment$3,075.90$3,075.90$3,427.28
2nd payment$0.00$382.87$0.00
Taxes / mo$478.17$478.17$478.17
Insurance / mo$166.67$166.67$166.67
MI / mo$222.35$222.35$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,943.08$4,325.95$4,171.11
Cash to close$66,190$27,500$55,000