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$542,761$542,761$539,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$26,289$0
Funding fee$0$0$0
Note rate5.230%5.230%7.320%
Blended rate6.080%6.348%7.560%
1st payment$3,195.46$3,195.46$3,703.24
2nd payment$0.00$260.15$0.00
Taxes / mo$331.42$331.42$331.42
Insurance / mo$166.67$166.67$166.67
MI / mo$410.82$410.82$107.82
HOA / mo$78.33$78.33$78.33
Total monthly$4,182.69$4,442.84$4,387.48
Cash to close$56,239$29,950$59,900