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$492,576$492,576$535,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$42,924$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.206%7.640%
1st payment$3,247.80$3,247.80$3,707.69
2nd payment$0.00$321.93$0.00
Taxes / mo$204.25$204.25$204.25
Insurance / mo$166.67$166.67$166.67
MI / mo$235.51$235.51$107.10
HOA / mo$34.92$34.92$34.92
Total monthly$3,889.14$4,211.08$4,220.63
Cash to close$102,424$59,500$59,500