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$550,839$550,839$571,499
Remaining term (yrs)28.028.030.0
Secondary amount$0$52,410$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.469%7.640%
1st payment$3,556.58$3,556.58$3,956.94
2nd payment$0.00$518.64$0.00
Taxes / mo$216.67$216.67$216.67
Insurance / mo$166.67$166.67$166.67
MI / mo$257.90$257.90$114.30
HOA / mo$0.00$0.00$0.00
Total monthly$4,197.82$4,716.46$4,454.58
Cash to close$84,160$31,750$63,500