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$523,165$523,165$580,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$57,335$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.279%7.640%
1st payment$3,458.78$3,458.78$4,019.26
2nd payment$0.00$430.01$0.00
Taxes / mo$643.75$643.75$643.75
Insurance / mo$166.67$166.67$166.67
MI / mo$249.77$249.77$116.10
HOA / mo$50.00$50.00$50.00
Total monthly$4,568.97$4,998.98$4,995.78
Cash to close$121,835$64,500$64,500