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$527,790$527,790$652,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$124,710$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.110%7.640%
1st payment$3,318.99$3,318.99$4,517.78
2nd payment$0.00$831.40$0.00
Taxes / mo$156.58$156.58$156.58
Insurance / mo$216.67$216.67$216.67
MI / mo$244.47$244.47$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,936.72$4,768.11$5,021.53
Cash to close$197,210$72,500$72,500