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$514,151$514,151$517,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$32,099$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%7.164%7.640%
1st payment$3,331.46$3,331.46$3,583.07
2nd payment$0.00$317.65$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$246.17$246.17$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,223.46$4,541.11$4,332.40
Cash to close$60,849$28,750$57,500