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$507,184$507,184$584,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$76,916$0
Funding fee$0$0$0
Note rate6.470%6.470%7.320%
Blended rate7.020%7.281%7.560%
1st payment$3,268.31$3,268.31$4,012.36
2nd payment$0.00$576.87$0.00
Taxes / mo$76.17$76.17$76.17
Insurance / mo$166.67$166.67$166.67
MI / mo$237.74$237.74$116.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,748.88$4,325.75$4,372.02
Cash to close$141,816$64,900$64,900