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$526,366$526,366$629,550
Remaining term (yrs)28.828.830.0
Secondary amount$0$103,184$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.431%7.640%
1st payment$3,460.92$3,460.92$4,358.88
2nd payment$0.00$687.89$0.00
Taxes / mo$582.92$582.92$582.92
Insurance / mo$166.67$166.67$166.67
MI / mo$244.07$244.07$125.91
HOA / mo$0.00$0.00$0.00
Total monthly$4,454.57$5,142.46$5,234.37
Cash to close$173,134$69,950$69,950