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$515,996$515,996$620,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$104,104$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.010%7.640%
1st payment$3,323.92$3,323.92$4,293.45
2nd payment$0.00$694.03$0.00
Taxes / mo$574.17$574.17$574.17
Insurance / mo$166.67$166.67$166.67
MI / mo$247.17$247.17$124.02
HOA / mo$0.00$0.00$0.00
Total monthly$4,311.92$5,005.95$5,158.30
Cash to close$173,004$68,900$68,900