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$510,846$510,846$562,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$51,654$0
Funding fee$0$0$0
Note rate4.990%4.990%7.400%
Blended rate5.840%6.130%7.640%
1st payment$2,916.80$2,916.80$3,894.64
2nd payment$0.00$387.41$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$385.31$385.31$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,989.61$4,377.01$4,694.64
Cash to close$114,154$62,500$62,500