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$530,581$530,581$539,100
Remaining term (yrs)29.229.230.0
Secondary amount$0$38,469$0
Funding fee$0$0$0
Note rate6.230%6.230%7.320%
Blended rate6.780%7.124%7.560%
1st payment$3,285.47$3,285.47$3,703.24
2nd payment$0.00$380.69$0.00
Taxes / mo$222.42$222.42$222.42
Insurance / mo$166.67$166.67$166.67
MI / mo$245.08$245.08$107.82
HOA / mo$96.00$96.00$96.00
Total monthly$4,015.64$4,396.33$4,296.15
Cash to close$68,419$29,950$59,900