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$500,916$500,916$539,991
Remaining term (yrs)27.427.430.0
Secondary amount$0$39,075$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.544%7.640%
1st payment$3,381.60$3,381.60$3,738.79
2nd payment$0.00$293.06$0.00
Taxes / mo$126.92$126.92$126.92
Insurance / mo$166.67$166.67$166.67
MI / mo$235.81$235.81$108.00
HOA / mo$72.92$72.92$72.92
Total monthly$3,983.92$4,276.98$4,213.29
Cash to close$99,074$59,999$59,999