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$515,426$515,426$585,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$69,574$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%7.916%7.640%
1st payment$3,549.04$3,549.04$4,050.42
2nd payment$0.00$521.80$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$380.93$380.93$117.00
HOA / mo$205.00$205.00$205.00
Total monthly$4,843.30$5,365.10$5,080.76
Cash to close$134,574$65,000$65,000