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$494,474$494,474$504,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$37,526$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.177%7.640%
1st payment$3,180.67$3,180.67$3,489.59
2nd payment$0.00$371.35$0.00
Taxes / mo$176.17$176.17$176.17
Insurance / mo$166.67$166.67$166.67
MI / mo$236.27$236.27$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,759.77$4,131.12$3,933.23
Cash to close$65,526$28,000$56,000