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$539,514$539,514$620,100
Remaining term (yrs)39.339.330.0
Secondary amount$0$80,586$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.303%7.640%
1st payment$3,168.49$3,168.49$4,293.45
2nd payment$0.00$604.40$0.00
Taxes / mo$574.17$574.17$574.17
Insurance / mo$166.67$166.67$166.67
MI / mo$248.05$248.05$124.02
HOA / mo$859.00$859.00$859.00
Total monthly$5,016.38$5,620.77$6,017.30
Cash to close$149,486$68,900$68,900