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$526,029$526,029$611,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$85,071$0
Funding fee$0$0$0
Note rate4.870%4.870%7.400%
Blended rate5.420%5.918%7.640%
1st payment$2,821.17$2,821.17$4,231.13
2nd payment$0.00$638.04$0.00
Taxes / mo$139.83$139.83$139.83
Insurance / mo$166.67$166.67$166.67
MI / mo$244.47$244.47$122.22
HOA / mo$0.00$0.00$0.00
Total monthly$3,372.14$4,010.18$4,659.85
Cash to close$152,971$67,900$67,900