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$513,075$513,075$575,100
Remaining term (yrs)28.028.030.0
Secondary amount$0$62,025$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%6.895%7.640%
1st payment$3,178.08$3,178.08$3,981.88
2nd payment$0.00$465.19$0.00
Taxes / mo$511.75$511.75$511.75
Insurance / mo$166.67$166.67$166.67
MI / mo$240.63$240.63$115.02
HOA / mo$0.00$0.00$0.00
Total monthly$4,097.12$4,562.31$4,775.31
Cash to close$125,925$63,900$63,900