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$504,806$504,806$512,100
Remaining term (yrs)29.029.030.0
Secondary amount$0$35,744$0
Funding fee$0$0$0
Note rate6.240%6.240%7.400%
Blended rate6.790%7.126%7.640%
1st payment$3,135.41$3,135.41$3,545.68
2nd payment$0.00$353.72$0.00
Taxes / mo$274.33$274.33$274.33
Insurance / mo$166.67$166.67$166.67
MI / mo$233.64$233.64$102.42
HOA / mo$41.67$41.67$41.67
Total monthly$3,851.72$4,205.44$4,130.77
Cash to close$64,194$28,450$56,900