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$590,772$590,772$675,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$84,228$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.960%7.215%7.640%
1st payment$3,774.00$3,774.00$4,673.56
2nd payment$0.00$631.71$0.00
Taxes / mo$678.00$678.00$678.00
Insurance / mo$216.67$216.67$216.67
MI / mo$440.66$440.66$135.00
HOA / mo$100.00$100.00$100.00
Total monthly$5,209.33$5,841.04$5,803.23
Cash to close$159,228$75,000$75,000