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$524,359$524,359$549,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$55,141$0
Funding fee$0$0$0
Note rate4.875%4.875%7.320%
Blended rate5.425%6.039%7.560%
1st payment$2,883.85$2,883.85$3,771.25
2nd payment$0.00$545.67$0.00
Taxes / mo$487.92$487.92$487.92
Insurance / mo$166.67$166.67$166.67
MI / mo$249.76$249.76$109.80
HOA / mo$155.00$155.00$155.00
Total monthly$3,943.20$4,488.86$4,690.63
Cash to close$85,641$30,500$61,000