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$536,298$536,298$584,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$47,802$0
Funding fee$0$0$0
Note rate5.750%5.750%7.400%
Blended rate6.300%6.521%7.640%
1st payment$3,289.03$3,289.03$4,044.19
2nd payment$0.00$358.51$0.00
Taxes / mo$161.83$161.83$161.83
Insurance / mo$166.67$166.67$166.67
MI / mo$258.32$258.32$116.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,875.85$4,234.36$4,489.51
Cash to close$112,702$64,900$64,900