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$517,894$517,894$566,999
Remaining term (yrs)28.028.030.0
Secondary amount$0$49,105$0
Funding fee$0$0$0
Note rate6.470%6.470%7.400%
Blended rate7.020%7.191%7.640%
1st payment$3,333.84$3,333.84$3,925.79
2nd payment$0.00$368.29$0.00
Taxes / mo$525.00$525.00$525.00
Insurance / mo$166.67$166.67$166.67
MI / mo$242.50$242.50$113.40
HOA / mo$215.00$215.00$215.00
Total monthly$4,483.01$4,851.30$4,945.85
Cash to close$112,105$63,000$63,000