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$523,627$523,627$522,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$27,373$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.451%7.640%
1st payment$3,418.32$3,418.32$3,614.22
2nd payment$0.00$270.88$0.00
Taxes / mo$124.67$124.67$124.67
Insurance / mo$166.67$166.67$166.67
MI / mo$243.55$243.55$104.40
HOA / mo$103.00$103.00$103.00
Total monthly$4,056.20$4,327.08$4,112.96
Cash to close$56,373$29,000$58,000