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$532,545$532,545$607,410
Remaining term (yrs)28.928.930.0
Secondary amount$0$74,865$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.115%7.640%
1st payment$3,331.66$3,331.66$4,205.58
2nd payment$0.00$561.49$0.00
Taxes / mo$563.75$563.75$563.75
Insurance / mo$166.67$166.67$166.67
MI / mo$246.70$246.70$121.48
HOA / mo$0.00$0.00$0.00
Total monthly$4,308.78$4,870.27$5,057.48
Cash to close$142,355$67,490$67,490