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$485,387$485,387$512,910
Remaining term (yrs)29.729.730.0
Secondary amount$0$27,523$0
Funding fee$0$0$0
Note rate6.530%6.530%7.400%
Blended rate7.080%7.183%7.640%
1st payment$3,083.11$3,083.11$3,551.29
2nd payment$0.00$206.43$0.00
Taxes / mo$15.08$15.08$15.08
Insurance / mo$166.67$166.67$166.67
MI / mo$222.87$222.87$102.58
HOA / mo$0.00$0.00$0.00
Total monthly$3,487.73$3,694.16$3,835.62
Cash to close$84,513$56,990$56,990