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$519,937$519,937$594,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$74,063$0
Funding fee$0$0$0
Note rate5.660%5.660%7.400%
Blended rate6.510%6.820%7.640%
1st payment$3,177.45$3,177.45$4,112.74
2nd payment$0.00$555.47$0.00
Taxes / mo$550.00$550.00$550.00
Insurance / mo$166.67$166.67$166.67
MI / mo$389.48$389.48$118.80
HOA / mo$55.00$55.00$55.00
Total monthly$4,338.60$4,894.07$5,003.20
Cash to close$140,063$66,000$66,000