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$475,441$475,441$513,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$37,559$0
Funding fee$0$0$0
Note rate5.500%5.500%7.320%
Blended rate6.050%6.266%7.560%
1st payment$2,726.86$2,726.86$3,523.95
2nd payment$0.00$281.69$0.00
Taxes / mo$292.83$292.83$292.83
Insurance / mo$166.67$166.67$166.67
MI / mo$220.12$220.12$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,406.48$3,688.17$4,086.05
Cash to close$94,559$57,000$57,000