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$547,509$547,509$620,550
Remaining term (yrs)27.927.930.0
Secondary amount$0$73,041$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.588%7.560%
1st payment$3,666.99$3,666.99$4,262.75
2nd payment$0.00$547.81$0.00
Taxes / mo$479.25$479.25$479.25
Insurance / mo$166.67$166.67$166.67
MI / mo$256.49$256.49$124.11
HOA / mo$20.00$20.00$20.00
Total monthly$4,589.41$5,137.21$5,052.77
Cash to close$141,991$68,950$68,950