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$525,003$525,003$661,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$136,497$0
Funding fee$0$0$0
Note rate6.150%6.150%7.400%
Blended rate6.700%6.968%7.640%
1st payment$3,349.88$3,349.88$4,580.09
2nd payment$0.00$909.98$0.00
Taxes / mo$612.50$612.50$612.50
Insurance / mo$216.67$216.67$216.67
MI / mo$252.02$252.02$132.30
HOA / mo$0.00$0.00$0.00
Total monthly$4,431.07$5,341.05$5,541.56
Cash to close$209,997$73,500$73,500