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$595,574$595,574$990,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$394,426$0
Funding fee$0$0$0
Note rate6.730%6.730%7.320%
Blended rate7.280%7.467%7.560%
1st payment$3,942.24$3,942.24$6,800.61
2nd payment$0.00$2,547.34$0.00
Taxes / mo$916.67$916.67$916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$279.15$279.15$198.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,354.73$7,902.06$8,131.95
Cash to close$504,426$110,000$110,000