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$526,842$526,842$566,998
Remaining term (yrs)28.728.730.0
Secondary amount$0$40,157$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.504%7.640%
1st payment$3,491.58$3,491.58$3,925.78
2nd payment$0.00$301.17$0.00
Taxes / mo$581.52$581.52$581.52
Insurance / mo$166.67$166.67$166.67
MI / mo$244.47$244.47$113.40
HOA / mo$159.33$159.33$159.33
Total monthly$4,643.57$4,944.75$4,946.70
Cash to close$103,156$63,000$63,000