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$507,140$507,140$535,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$28,360$0
Funding fee$0$0$0
Note rate6.540%6.540%7.320%
Blended rate7.090%7.191%7.560%
1st payment$3,352.84$3,352.84$3,678.51
2nd payment$0.00$212.70$0.00
Taxes / mo$495.83$495.83$495.83
Insurance / mo$166.67$166.67$166.67
MI / mo$242.12$242.12$107.10
HOA / mo$175.00$175.00$175.00
Total monthly$4,432.46$4,645.15$4,623.11
Cash to close$87,860$59,500$59,500