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$524,057$524,057$562,410
Remaining term (yrs)27.927.930.0
Secondary amount$0$38,353$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.183%7.560%
1st payment$3,387.18$3,387.18$3,863.37
2nd payment$0.00$287.65$0.00
Taxes / mo$520.75$520.75$520.75
Insurance / mo$166.67$166.67$166.67
MI / mo$245.62$245.62$112.48
HOA / mo$136.00$136.00$136.00
Total monthly$4,456.22$4,743.86$4,799.27
Cash to close$100,843$62,490$62,490