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$509,439$509,439$512,991
Remaining term (yrs)28.028.030.0
Secondary amount$0$32,052$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.336%7.560%
1st payment$3,289.28$3,289.28$3,523.89
2nd payment$0.00$317.18$0.00
Taxes / mo$243.25$243.25$243.25
Insurance / mo$166.67$166.67$166.67
MI / mo$238.52$238.52$102.60
HOA / mo$90.00$90.00$90.00
Total monthly$4,027.71$4,344.89$4,126.41
Cash to close$60,551$28,500$56,999