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$540,803$540,803$557,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$47,247$0
Funding fee$0$0$0
Note rate6.110%6.110%7.320%
Blended rate6.960%7.355%7.560%
1st payment$3,454.78$3,454.78$3,826.89
2nd payment$0.00$467.55$0.00
Taxes / mo$515.83$515.83$515.83
Insurance / mo$166.67$166.67$166.67
MI / mo$403.39$403.39$111.42
HOA / mo$480.00$480.00$480.00
Total monthly$5,020.67$5,488.23$5,100.81
Cash to close$78,197$30,950$61,900