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$598,287$598,287$702,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$103,713$0
Funding fee$0$0$0
Note rate7.440%7.440%7.400%
Blended rate7.990%7.991%7.640%
1st payment$4,271.94$4,271.94$4,860.51
2nd payment$0.00$691.42$0.00
Taxes / mo$442.25$442.25$442.25
Insurance / mo$216.67$216.67$216.67
MI / mo$281.68$281.68$140.40
HOA / mo$58.00$58.00$58.00
Total monthly$5,270.54$5,961.96$5,717.82
Cash to close$181,713$78,000$78,000