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$572,440$572,440$592,200
Remaining term (yrs)26.426.430.0
Secondary amount$0$52,660$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.246%7.640%
1st payment$3,695.64$3,695.64$4,100.27
2nd payment$0.00$521.11$0.00
Taxes / mo$377.08$377.08$377.08
Insurance / mo$166.67$166.67$166.67
MI / mo$274.52$274.52$118.44
HOA / mo$85.00$85.00$85.00
Total monthly$4,598.91$5,120.02$4,847.46
Cash to close$85,560$32,900$65,800