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$536,551$536,551$571,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$34,949$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.207%7.640%
1st payment$3,547.28$3,547.28$3,956.95
2nd payment$0.00$262.12$0.00
Taxes / mo$195.58$195.58$195.58
Insurance / mo$166.67$166.67$166.67
MI / mo$256.16$256.16$114.30
HOA / mo$0.00$0.00$0.00
Total monthly$4,165.69$4,427.81$4,433.50
Cash to close$98,449$63,500$63,500