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$513,739$513,739$539,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$25,361$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.180%7.640%
1st payment$3,396.46$3,396.46$3,732.62
2nd payment$0.00$190.21$0.00
Taxes / mo$499.17$499.17$499.17
Insurance / mo$166.67$166.67$166.67
MI / mo$245.27$245.27$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,307.56$4,497.77$4,506.27
Cash to close$85,261$59,900$59,900