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$524,521$524,521$539,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$45,384$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.532%7.560%
1st payment$3,070.97$3,070.97$3,708.81
2nd payment$0.00$449.11$0.00
Taxes / mo$290.75$290.75$290.75
Insurance / mo$166.67$166.67$166.67
MI / mo$395.25$395.25$107.98
HOA / mo$73.67$73.67$73.67
Total monthly$3,997.31$4,446.42$4,347.88
Cash to close$75,379$29,995$59,990