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$513,739$513,739$534,600
Remaining term (yrs)26.526.530.0
Secondary amount$0$50,561$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.519%7.640%
1st payment$3,396.46$3,396.46$3,701.46
2nd payment$0.00$500.35$0.00
Taxes / mo$495.00$495.00$495.00
Insurance / mo$166.67$166.67$166.67
MI / mo$245.27$245.27$106.92
HOA / mo$0.00$0.00$0.00
Total monthly$4,303.40$4,803.74$4,470.05
Cash to close$80,261$29,700$59,400