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$521,195$521,195$567,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$45,805$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.492%7.640%
1st payment$3,460.16$3,460.16$3,925.79
2nd payment$0.00$343.54$0.00
Taxes / mo$525.00$525.00$525.00
Insurance / mo$166.67$166.67$166.67
MI / mo$243.02$243.02$113.40
HOA / mo$0.00$0.00$0.00
Total monthly$4,394.85$4,738.39$4,730.86
Cash to close$108,805$63,000$63,000