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$538,248$538,248$540,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$31,752$0
Funding fee$0$0$0
Note rate6.300%6.300%7.320%
Blended rate6.850%7.130%7.560%
1st payment$3,360.64$3,360.64$3,709.43
2nd payment$0.00$314.21$0.00
Taxes / mo$290.08$290.08$290.08
Insurance / mo$166.67$166.67$166.67
MI / mo$248.85$248.85$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,066.24$4,380.44$4,274.18
Cash to close$61,752$30,000$60,000