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$475,481$475,481$495,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$47,019$0
Funding fee$0$0$0
Note rate6.540%6.540%7.240%
Blended rate7.090%7.521%7.480%
1st payment$3,147.18$3,147.18$3,373.42
2nd payment$0.00$465.30$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$227.27$227.27$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,999.45$4,464.75$4,097.42
Cash to close$74,519$27,500$55,000