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$518,871$518,871$544,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$25,629$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.285%7.640%
1st payment$3,466.85$3,466.85$3,770.01
2nd payment$0.00$192.22$0.00
Taxes / mo$504.17$504.17$504.17
Insurance / mo$166.67$166.67$166.67
MI / mo$247.52$247.52$108.90
HOA / mo$0.00$0.00$0.00
Total monthly$4,385.21$4,577.42$4,549.74
Cash to close$86,129$60,500$60,500