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$527,805$527,805$629,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$102,105$0
Funding fee$0$0$0
Note rate7.070%7.070%7.320%
Blended rate7.620%7.682%7.560%
1st payment$3,650.69$3,650.69$4,327.04
2nd payment$0.00$680.70$0.00
Taxes / mo$339.17$339.17$339.17
Insurance / mo$166.67$166.67$166.67
MI / mo$249.73$249.73$125.98
HOA / mo$18.75$18.75$18.75
Total monthly$4,425.01$5,105.71$4,977.61
Cash to close$172,095$69,990$69,990