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$537,280$537,280$549,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$42,220$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.142%7.640%
1st payment$3,330.19$3,330.19$3,801.17
2nd payment$0.00$417.80$0.00
Taxes / mo$508.33$508.33$508.33
Insurance / mo$166.67$166.67$166.67
MI / mo$248.68$248.68$109.80
HOA / mo$0.00$0.00$0.00
Total monthly$4,253.87$4,671.67$4,585.97
Cash to close$72,720$30,500$61,000