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$502,461$502,461$562,410
Remaining term (yrs)28.728.730.0
Secondary amount$0$59,949$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.535%7.560%
1st payment$3,320.06$3,320.06$3,863.37
2nd payment$0.00$449.62$0.00
Taxes / mo$298.75$298.75$298.75
Insurance / mo$166.67$166.67$166.67
MI / mo$233.18$233.18$112.48
HOA / mo$0.00$0.00$0.00
Total monthly$4,018.65$4,468.27$4,441.27
Cash to close$122,439$62,490$62,490