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$586,701$586,701$625,050
Remaining term (yrs)28.128.130.0
Secondary amount$0$38,349$0
Funding fee$0$0$0
Note rate6.540%6.540%7.320%
Blended rate7.090%7.207%7.560%
1st payment$3,799.41$3,799.41$4,293.66
2nd payment$0.00$287.61$0.00
Taxes / mo$578.75$578.75$578.75
Insurance / mo$166.67$166.67$166.67
MI / mo$274.36$274.36$125.01
HOA / mo$0.00$0.00$0.00
Total monthly$4,819.19$5,106.80$5,164.09
Cash to close$107,799$69,450$69,450