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$537,464$537,464$585,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$47,536$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.558%7.640%
1st payment$3,621.03$3,621.03$4,050.42
2nd payment$0.00$356.52$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$252.51$252.51$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,581.87$4,938.39$4,875.76
Cash to close$112,536$65,000$65,000