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$503,591$503,591$535,050
Remaining term (yrs)26.426.430.0
Secondary amount$0$31,459$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%6.807%7.640%
1st payment$3,203.82$3,203.82$3,704.58
2nd payment$0.00$235.95$0.00
Taxes / mo$258.42$258.42$258.42
Insurance / mo$166.67$166.67$166.67
MI / mo$241.80$241.80$107.01
HOA / mo$50.00$50.00$50.00
Total monthly$3,920.70$4,156.65$4,286.67
Cash to close$90,909$59,450$59,450