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$509,314$509,314$521,910
Remaining term (yrs)29.329.330.0
Secondary amount$0$41,591$0
Funding fee$0$0$0
Note rate6.180%6.180%7.400%
Blended rate6.730%7.118%7.640%
1st payment$3,134.21$3,134.21$3,613.60
2nd payment$0.00$411.58$0.00
Taxes / mo$334.08$334.08$334.08
Insurance / mo$166.67$166.67$166.67
MI / mo$235.04$235.04$104.38
HOA / mo$85.00$85.00$85.00
Total monthly$3,955.00$4,366.58$4,303.73
Cash to close$70,586$28,995$57,990