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$506,090$506,090$620,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$114,820$0
Funding fee$0$0$0
Note rate4.670%4.670%7.320%
Blended rate5.520%5.979%7.560%
1st payment$2,822.93$2,822.93$4,265.22
2nd payment$0.00$765.47$0.00
Taxes / mo$817.81$817.81$817.81
Insurance / mo$166.67$166.67$166.67
MI / mo$386.89$386.89$124.18
HOA / mo$0.00$0.00$0.00
Total monthly$4,194.29$4,959.76$5,373.88
Cash to close$183,810$68,990$68,990