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$521,379$521,379$612,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$90,621$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.299%7.640%
1st payment$2,997.35$2,997.35$4,237.36
2nd payment$0.00$679.66$0.00
Taxes / mo$207.00$207.00$207.00
Insurance / mo$166.67$166.67$166.67
MI / mo$396.40$396.40$122.40
HOA / mo$0.00$0.00$0.00
Total monthly$3,767.42$4,447.08$4,733.43
Cash to close$158,621$68,000$68,000