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$539,036$539,036$540,000
Remaining term (yrs)28.828.830.0
Secondary amount$0$30,964$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.605%7.640%
1st payment$3,558.44$3,558.44$3,738.85
2nd payment$0.00$306.41$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$249.92$249.92$108.00
HOA / mo$188.00$188.00$188.00
Total monthly$4,663.02$4,969.43$4,701.52
Cash to close$60,964$30,000$60,000