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$500,191$500,191$584,910
Remaining term (yrs)26.726.730.0
Secondary amount$0$84,719$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.580%7.640%
1st payment$3,379.55$3,379.55$4,049.80
2nd payment$0.00$635.40$0.00
Taxes / mo$541.58$541.58$541.58
Insurance / mo$166.67$166.67$166.67
MI / mo$237.84$237.84$116.98
HOA / mo$70.00$70.00$70.00
Total monthly$4,395.64$5,031.03$4,945.03
Cash to close$149,709$64,990$64,990