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$526,961$526,961$526,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$28,789$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.509%7.640%
1st payment$3,447.50$3,447.50$3,645.38
2nd payment$0.00$284.89$0.00
Taxes / mo$529.42$529.42$529.42
Insurance / mo$166.67$166.67$166.67
MI / mo$244.37$244.37$105.30
HOA / mo$100.00$100.00$100.00
Total monthly$4,487.96$4,772.85$4,546.76
Cash to close$58,039$29,250$58,500