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$581,541$581,541$598,410
Remaining term (yrs)28.928.930.0
Secondary amount$0$50,114$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.433%7.640%
1st payment$3,717.29$3,717.29$4,143.27
2nd payment$0.00$495.91$0.00
Taxes / mo$198.42$198.42$198.42
Insurance / mo$166.67$166.67$166.67
MI / mo$269.55$269.55$119.68
HOA / mo$2.08$2.08$2.08
Total monthly$4,354.00$4,849.92$4,630.12
Cash to close$83,359$33,245$66,490