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$503,267$503,267$517,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$42,983$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.040%7.420%7.640%
1st payment$3,249.56$3,249.56$3,583.07
2nd payment$0.00$425.36$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$235.88$235.88$103.50
HOA / mo$343.00$343.00$343.00
Total monthly$4,474.28$4,899.63$4,675.40
Cash to close$71,733$28,750$57,500