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$492,237$492,237$530,999
Remaining term (yrs)25.725.730.0
Secondary amount$0$38,762$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.173%7.640%
1st payment$2,860.09$2,860.09$3,676.53
2nd payment$0.00$290.72$0.00
Taxes / mo$231.50$231.50$231.50
Insurance / mo$166.67$166.67$166.67
MI / mo$373.13$373.13$106.20
HOA / mo$0.00$0.00$0.00
Total monthly$3,631.39$3,922.10$4,180.90
Cash to close$97,762$59,000$59,000