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$530,211$530,211$571,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$41,289$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%6.977%7.640%
1st payment$3,423.01$3,423.01$3,956.95
2nd payment$0.00$309.67$0.00
Taxes / mo$103.92$103.92$103.92
Insurance / mo$166.67$166.67$166.67
MI / mo$254.27$254.27$114.30
HOA / mo$0.00$0.00$0.00
Total monthly$3,947.86$4,257.53$4,341.83
Cash to close$104,789$63,500$63,500