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$527,694$527,694$629,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$102,216$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.003%7.640%
1st payment$3,287.69$3,287.69$4,361.37
2nd payment$0.00$681.44$0.00
Taxes / mo$656.75$656.75$656.75
Insurance / mo$166.67$166.67$166.67
MI / mo$244.47$244.47$125.98
HOA / mo$366.00$366.00$366.00
Total monthly$4,721.58$5,403.02$5,676.77
Cash to close$172,206$69,990$69,990