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$578,933$578,933$629,100
Remaining term (yrs)28.328.330.0
Secondary amount$0$50,167$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.408%7.640%
1st payment$3,809.36$3,809.36$4,355.76
2nd payment$0.00$376.25$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$270.02$270.02$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,828.54$5,204.79$5,230.75
Cash to close$120,067$69,900$69,900