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$511,407$511,407$548,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$36,693$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.181%7.560%
1st payment$3,265.81$3,265.81$3,765.07
2nd payment$0.00$275.20$0.00
Taxes / mo$538.25$538.25$538.25
Insurance / mo$166.67$166.67$166.67
MI / mo$236.81$236.81$109.62
HOA / mo$69.00$69.00$69.00
Total monthly$4,276.54$4,551.74$4,648.60
Cash to close$97,593$60,900$60,900