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$484,537$484,537$553,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$68,963$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.197%7.640%
1st payment$3,153.50$3,153.50$3,832.32
2nd payment$0.00$517.22$0.00
Taxes / mo$172.75$172.75$172.75
Insurance / mo$166.67$166.67$166.67
MI / mo$231.31$231.31$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,724.23$4,241.45$4,282.44
Cash to close$130,463$61,500$61,500