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$512,389$512,389$588,600
Remaining term (yrs)28.428.430.0
Secondary amount$0$76,211$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.642%7.640%
1st payment$3,422.20$3,422.20$4,075.35
2nd payment$0.00$571.58$0.00
Taxes / mo$545.00$545.00$545.00
Insurance / mo$166.67$166.67$166.67
MI / mo$238.40$238.40$117.72
HOA / mo$0.00$0.00$0.00
Total monthly$4,372.27$4,943.85$4,904.73
Cash to close$141,611$65,400$65,400