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$508,168$508,168$535,499
Remaining term (yrs)26.026.030.0
Secondary amount$0$27,331$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.960%7.064%7.640%
1st payment$3,246.31$3,246.31$3,707.69
2nd payment$0.00$204.98$0.00
Taxes / mo$495.83$495.83$495.83
Insurance / mo$166.67$166.67$166.67
MI / mo$379.05$379.05$107.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,287.85$4,492.84$4,477.29
Cash to close$86,831$59,500$59,500