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$554,693$554,693$558,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$34,307$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.114%7.640%
1st payment$3,581.06$3,581.06$3,863.48
2nd payment$0.00$339.49$0.00
Taxes / mo$289.17$289.17$289.17
Insurance / mo$166.67$166.67$166.67
MI / mo$266.01$266.01$111.60
HOA / mo$0.00$0.00$0.00
Total monthly$4,302.91$4,642.40$4,430.91
Cash to close$65,307$31,000$62,000