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$515,059$515,059$611,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$96,851$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.039%7.640%
1st payment$3,200.18$3,200.18$4,236.74
2nd payment$0.00$726.38$0.00
Taxes / mo$566.58$566.58$566.58
Insurance / mo$166.67$166.67$166.67
MI / mo$241.52$241.52$122.38
HOA / mo$0.00$0.00$0.00
Total monthly$4,174.95$4,901.33$5,092.37
Cash to close$164,841$67,990$67,990