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$577,555$577,555$719,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$141,545$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.052%7.640%
1st payment$3,728.66$3,728.66$4,978.90
2nd payment$0.00$943.63$0.00
Taxes / mo$665.83$665.83$665.83
Insurance / mo$216.67$216.67$216.67
MI / mo$276.97$276.97$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,888.13$5,831.76$6,005.22
Cash to close$221,445$79,900$79,900