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$520,551$520,551$602,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$81,549$0
Funding fee$0$0$0
Note rate6.890%6.890%7.320%
Blended rate7.440%7.651%7.560%
1st payment$3,500.08$3,500.08$4,136.01
2nd payment$0.00$611.61$0.00
Taxes / mo$557.50$557.50$557.50
Insurance / mo$166.67$166.67$166.67
MI / mo$243.83$243.83$120.42
HOA / mo$0.00$0.00$0.00
Total monthly$4,468.08$5,079.69$4,980.60
Cash to close$148,449$66,900$66,900