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$584,743$584,743$706,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$121,757$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.123%7.640%
1st payment$3,814.72$3,814.72$4,891.66
2nd payment$0.00$811.71$0.00
Taxes / mo$340.08$340.08$340.08
Insurance / mo$216.67$216.67$216.67
MI / mo$279.81$279.81$141.30
HOA / mo$70.00$70.00$70.00
Total monthly$4,721.28$5,532.99$5,659.71
Cash to close$200,257$78,500$78,500