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$511,540$511,540$540,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$28,460$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.589%7.640%
1st payment$3,446.58$3,446.58$3,738.85
2nd payment$0.00$213.45$0.00
Taxes / mo$215.50$215.50$215.50
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$4,119.15$4,332.60$4,281.02
Cash to close$88,460$60,000$60,000