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$511,459$511,459$540,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$28,541$0
Funding fee$0$0$0
Note rate6.910%6.910%7.400%
Blended rate7.460%7.541%7.640%
1st payment$3,429.16$3,429.16$3,738.85
2nd payment$0.00$214.06$0.00
Taxes / mo$184.83$184.83$184.83
Insurance / mo$166.67$166.67$166.67
MI / mo$238.40$238.40$108.00
HOA / mo$52.00$52.00$52.00
Total monthly$4,071.06$4,285.12$4,250.35
Cash to close$88,541$60,000$60,000