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$553,733$553,733$607,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$53,767$0
Funding fee$0$0$0
Note rate6.360%6.360%7.320%
Blended rate6.910%7.095%7.560%
1st payment$3,606.26$3,606.26$4,173.10
2nd payment$0.00$403.25$0.00
Taxes / mo$336.33$336.33$336.33
Insurance / mo$166.67$166.67$166.67
MI / mo$265.36$265.36$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,374.62$4,777.87$4,797.60
Cash to close$121,267$67,500$67,500