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$482,800$482,800$494,999
Remaining term (yrs)28.828.830.0
Secondary amount$0$39,699$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.620%7.640%
1st payment$3,158.59$3,158.59$3,427.27
2nd payment$0.00$392.86$0.00
Taxes / mo$584.33$584.33$584.33
Insurance / mo$166.67$166.67$166.67
MI / mo$223.89$223.89$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,133.48$4,526.34$4,277.27
Cash to close$67,199$27,500$55,000