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$526,007$526,007$602,999
Remaining term (yrs)29.329.330.0
Secondary amount$0$76,992$0
Funding fee$0$0$0
Note rate6.180%6.180%7.320%
Blended rate6.730%7.020%7.560%
1st payment$3,233.71$3,233.71$4,142.19
2nd payment$0.00$577.44$0.00
Taxes / mo$558.33$558.33$558.33
Insurance / mo$166.67$166.67$166.67
MI / mo$242.50$242.50$120.60
HOA / mo$87.00$87.00$87.00
Total monthly$4,288.21$4,865.65$5,074.78
Cash to close$143,992$67,000$67,000