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$509,079$509,079$522,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$41,921$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%5.542%7.640%
1st payment$2,694.84$2,694.84$3,614.22
2nd payment$0.00$414.84$0.00
Taxes / mo$295.58$295.58$295.58
Insurance / mo$166.67$166.67$166.67
MI / mo$391.75$391.75$104.40
HOA / mo$82.00$82.00$82.00
Total monthly$3,630.84$4,045.68$4,262.87
Cash to close$70,921$29,000$58,000