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$516,498$516,498$575,100
Remaining term (yrs)29.329.330.0
Secondary amount$0$58,602$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.033%7.640%
1st payment$3,205.11$3,205.11$3,981.88
2nd payment$0.00$439.51$0.00
Taxes / mo$532.50$532.50$532.50
Insurance / mo$166.67$166.67$166.67
MI / mo$238.33$238.33$115.02
HOA / mo$286.00$286.00$286.00
Total monthly$4,428.61$4,868.12$5,082.06
Cash to close$122,502$63,900$63,900