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$553,686$553,686$629,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$75,414$0
Funding fee$0$0$0
Note rate6.300%6.300%7.400%
Blended rate6.850%7.108%7.640%
1st payment$3,463.93$3,463.93$4,355.76
2nd payment$0.00$565.61$0.00
Taxes / mo$302.75$302.75$302.75
Insurance / mo$166.67$166.67$166.67
MI / mo$256.49$256.49$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,189.84$4,755.44$4,951.00
Cash to close$145,314$69,900$69,900