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$600,129$600,129$616,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$50,621$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.425%7.640%
1st payment$3,878.87$3,878.87$4,268.52
2nd payment$0.00$500.93$0.00
Taxes / mo$588.67$588.67$588.67
Insurance / mo$166.67$166.67$166.67
MI / mo$281.27$281.27$123.30
HOA / mo$41.67$41.67$41.67
Total monthly$4,957.14$5,458.08$5,188.82
Cash to close$84,871$34,250$68,500