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$506,173$506,173$540,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$33,827$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.350%7.640%
1st payment$3,354.58$3,354.58$3,738.85
2nd payment$0.00$253.70$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$238.52$238.52$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,259.76$4,513.46$4,513.52
Cash to close$93,827$60,000$60,000