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$509,645$509,645$526,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$46,105$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.450%7.640%
1st payment$3,360.35$3,360.35$3,645.38
2nd payment$0.00$456.25$0.00
Taxes / mo$487.50$487.50$487.50
Insurance / mo$166.67$166.67$166.67
MI / mo$243.67$243.67$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$4,258.18$4,714.43$4,404.85
Cash to close$75,355$29,250$58,500