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$509,995$509,995$616,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$106,505$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.437%7.640%
1st payment$3,395.91$3,395.91$4,268.52
2nd payment$0.00$710.03$0.00
Taxes / mo$570.83$570.83$570.83
Insurance / mo$166.67$166.67$166.67
MI / mo$239.48$239.48$123.30
HOA / mo$120.00$120.00$120.00
Total monthly$4,492.90$5,202.93$5,249.32
Cash to close$175,005$68,500$68,500