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$532,893$532,893$530,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$26,657$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.040%7.270%7.640%
1st payment$3,440.85$3,440.85$3,670.31
2nd payment$0.00$263.80$0.00
Taxes / mo$630.08$630.08$630.08
Insurance / mo$166.67$166.67$166.67
MI / mo$249.77$249.77$106.02
HOA / mo$294.00$294.00$294.00
Total monthly$4,781.37$5,045.17$4,867.08
Cash to close$56,107$29,450$58,900