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$508,717$508,717$611,550
Remaining term (yrs)25.825.830.0
Secondary amount$0$102,833$0
Funding fee$0$0$0
Note rate5.700%5.700%7.400%
Blended rate6.550%6.794%7.640%
1st payment$3,134.38$3,134.38$4,234.25
2nd payment$0.00$685.55$0.00
Taxes / mo$562.92$562.92$562.92
Insurance / mo$166.67$166.67$166.67
MI / mo$382.53$382.53$122.31
HOA / mo$0.00$0.00$0.00
Total monthly$4,246.49$4,932.04$5,086.14
Cash to close$170,783$67,950$67,950