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$486,636$486,636$548,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$62,274$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.386%7.640%
1st payment$3,154.97$3,154.97$3,800.54
2nd payment$0.00$467.05$0.00
Taxes / mo$150.50$150.50$150.50
Insurance / mo$166.67$166.67$166.67
MI / mo$225.72$225.72$109.78
HOA / mo$0.00$0.00$0.00
Total monthly$3,697.85$4,164.90$4,227.49
Cash to close$123,264$60,990$60,990