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$515,776$515,776$517,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$30,474$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%5.242%7.640%
1st payment$2,681.35$2,681.35$3,583.07
2nd payment$0.00$301.57$0.00
Taxes / mo$313.58$313.58$313.58
Insurance / mo$166.67$166.67$166.67
MI / mo$397.83$397.83$103.50
HOA / mo$20.17$20.17$20.17
Total monthly$3,579.60$3,881.17$4,186.99
Cash to close$59,224$28,750$57,500