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$531,159$531,159$562,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$31,341$0
Funding fee$0$0$0
Note rate6.460%6.460%7.400%
Blended rate7.010%7.121%7.640%
1st payment$3,419.39$3,419.39$3,894.64
2nd payment$0.00$235.05$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$248.99$248.99$112.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,355.87$4,590.93$4,694.64
Cash to close$93,841$62,500$62,500