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$437,342$437,342$508,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$71,158$0
Funding fee$0$0$0
Note rate5.980%5.980%7.400%
Blended rate6.530%6.876%7.640%
1st payment$2,629.73$2,629.73$3,520.75
2nd payment$0.00$533.69$0.00
Taxes / mo$470.83$470.83$470.83
Insurance / mo$166.67$166.67$166.67
MI / mo$201.47$201.47$101.70
HOA / mo$257.00$257.00$257.00
Total monthly$3,725.70$4,259.39$4,516.95
Cash to close$127,658$56,500$56,500