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$515,254$515,254$517,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$30,996$0
Funding fee$0$0$0
Note rate6.320%6.320%7.320%
Blended rate6.870%7.154%7.560%
1st payment$3,338.61$3,338.61$3,554.87
2nd payment$0.00$306.73$0.00
Taxes / mo$377.33$377.33$377.33
Insurance / mo$166.67$166.67$166.67
MI / mo$246.70$246.70$103.50
HOA / mo$185.00$185.00$185.00
Total monthly$4,314.31$4,621.03$4,387.37
Cash to close$59,746$28,750$57,500