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$537,993$537,993$557,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$50,057$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%6.592%7.640%
1st payment$3,173.79$3,173.79$3,857.25
2nd payment$0.00$495.35$0.00
Taxes / mo$515.83$515.83$515.83
Insurance / mo$166.67$166.67$166.67
MI / mo$407.11$407.11$111.42
HOA / mo$475.00$475.00$475.00
Total monthly$4,738.41$5,233.76$5,126.17
Cash to close$81,007$30,950$61,900