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$503,304$503,304$562,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$59,196$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.389%7.560%
1st payment$3,279.06$3,279.06$3,863.98
2nd payment$0.00$443.97$0.00
Taxes / mo$448.25$448.25$448.25
Insurance / mo$166.67$166.67$166.67
MI / mo$234.11$234.11$112.50
HOA / mo$88.00$88.00$88.00
Total monthly$4,216.09$4,660.06$4,679.40
Cash to close$121,696$62,500$62,500