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$503,318$503,318$602,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$98,782$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.571%7.640%
1st payment$3,296.36$3,296.36$4,168.82
2nd payment$0.00$740.87$0.00
Taxes / mo$557.50$557.50$557.50
Insurance / mo$166.67$166.67$166.67
MI / mo$233.18$233.18$120.42
HOA / mo$280.00$280.00$280.00
Total monthly$4,533.71$5,274.57$5,293.41
Cash to close$165,682$66,900$66,900