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$495,531$495,531$553,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$57,969$0
Funding fee$0$0$0
Note rate6.860%6.860%7.400%
Blended rate7.410%7.577%7.640%
1st payment$3,325.39$3,325.39$3,832.32
2nd payment$0.00$434.77$0.00
Taxes / mo$365.00$365.00$365.00
Insurance / mo$166.67$166.67$166.67
MI / mo$232.36$232.36$110.70
HOA / mo$88.00$88.00$88.00
Total monthly$4,177.42$4,612.19$4,562.69
Cash to close$119,469$61,500$61,500