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$480,496$480,496$607,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$127,004$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.130%7.640%
1st payment$3,059.26$3,059.26$4,206.21
2nd payment$0.00$846.69$0.00
Taxes / mo$356.33$356.33$356.33
Insurance / mo$166.67$166.67$166.67
MI / mo$225.34$225.34$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,807.60$4,654.30$4,850.71
Cash to close$194,504$67,500$67,500