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$530,704$530,704$639,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$108,296$0
Funding fee$0$0$0
Note rate6.900%6.900%7.320%
Blended rate7.750%7.792%7.560%
1st payment$3,651.48$3,651.48$4,389.49
2nd payment$0.00$721.98$0.00
Taxes / mo$591.67$591.67$591.67
Insurance / mo$216.67$216.67$216.67
MI / mo$392.72$392.72$127.80
HOA / mo$0.00$0.00$0.00
Total monthly$4,852.54$5,574.51$5,325.62
Cash to close$179,296$71,000$71,000