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$515,226$515,226$539,100
Remaining term (yrs)29.129.130.0
Secondary amount$0$53,824$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.325%7.640%
1st payment$3,216.89$3,216.89$3,732.62
2nd payment$0.00$532.63$0.00
Taxes / mo$50.50$50.50$50.50
Insurance / mo$166.67$166.67$166.67
MI / mo$238.20$238.20$107.82
HOA / mo$320.00$320.00$320.00
Total monthly$3,992.26$4,524.90$4,377.61
Cash to close$83,774$29,950$59,900