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$451,001$451,001$504,000
Remaining term (yrs)29.529.530.0
Secondary amount$0$52,999$0
Funding fee$0$0$0
Note rate4.750%4.750%7.320%
Blended rate5.300%5.689%7.560%
1st payment$2,364.61$2,364.61$3,462.13
2nd payment$0.00$397.49$0.00
Taxes / mo$389.25$389.25$389.25
Insurance / mo$166.67$166.67$166.67
MI / mo$207.76$207.76$100.80
HOA / mo$490.00$490.00$490.00
Total monthly$3,618.28$4,015.77$4,608.85
Cash to close$108,999$56,000$56,000