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$506,543$506,543$567,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$60,457$0
Funding fee$0$0$0
Note rate6.660%6.660%7.320%
Blended rate7.510%7.669%7.560%
1st payment$3,407.33$3,407.33$3,894.90
2nd payment$0.00$453.43$0.00
Taxes / mo$525.00$525.00$525.00
Insurance / mo$166.67$166.67$166.67
MI / mo$375.57$375.57$113.40
HOA / mo$0.00$0.00$0.00
Total monthly$4,474.57$4,928.00$4,699.96
Cash to close$123,457$63,000$63,000