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$494,235$494,235$512,996
Remaining term (yrs)29.529.530.0
Secondary amount$0$47,260$0
Funding fee$0$0$0
Note rate6.220%6.220%7.320%
Blended rate6.770%7.216%7.560%
1st payment$3,045.17$3,045.17$3,523.92
2nd payment$0.00$467.68$0.00
Taxes / mo$351.08$351.08$351.08
Insurance / mo$166.67$166.67$166.67
MI / mo$227.40$227.40$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,790.32$4,258.00$4,144.27
Cash to close$75,760$28,500$57,000