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$541,955$541,955$540,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$28,045$0
Funding fee$0$0$0
Note rate5.100%5.100%7.320%
Blended rate5.950%6.242%7.560%
1st payment$3,148.97$3,148.97$3,709.43
2nd payment$0.00$277.53$0.00
Taxes / mo$331.42$331.42$331.42
Insurance / mo$166.67$166.67$166.67
MI / mo$410.82$410.82$108.00
HOA / mo$78.33$78.33$78.33
Total monthly$4,136.20$4,413.73$4,393.84
Cash to close$58,045$30,000$60,000