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$593,863$593,863$643,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$49,637$0
Funding fee$0$0$0
Note rate5.220%5.220%7.320%
Blended rate6.070%6.296%7.560%
1st payment$3,476.95$3,476.95$4,420.40
2nd payment$0.00$372.28$0.00
Taxes / mo$676.25$676.25$676.25
Insurance / mo$216.67$216.67$216.67
MI / mo$447.51$447.51$128.70
HOA / mo$75.00$75.00$75.00
Total monthly$4,892.38$5,264.66$5,517.02
Cash to close$121,137$71,500$71,500