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$529,537$529,537$530,910
Remaining term (yrs)29.029.030.0
Secondary amount$0$30,868$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.127%7.640%
1st payment$3,309.54$3,309.54$3,675.91
2nd payment$0.00$305.46$0.00
Taxes / mo$189.08$189.08$189.08
Insurance / mo$166.67$166.67$166.67
MI / mo$245.06$245.06$106.18
HOA / mo$47.92$47.92$47.92
Total monthly$3,958.27$4,263.73$4,185.77
Cash to close$60,363$29,495$58,990