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$507,671$507,671$566,933
Remaining term (yrs)23.923.930.0
Secondary amount$0$59,262$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%4.836%7.640%
1st payment$2,602.21$2,602.21$3,925.33
2nd payment$0.00$444.47$0.00
Taxes / mo$524.94$524.94$524.94
Insurance / mo$166.67$166.67$166.67
MI / mo$410.48$410.48$113.39
HOA / mo$558.00$558.00$558.00
Total monthly$4,262.30$4,706.76$5,288.32
Cash to close$122,255$62,993$62,993