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$560,005$560,005$580,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$52,745$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.785%7.640%
1st payment$3,747.00$3,747.00$4,019.26
2nd payment$0.00$521.95$0.00
Taxes / mo$537.50$537.50$537.50
Insurance / mo$166.67$166.67$166.67
MI / mo$262.09$262.09$116.10
HOA / mo$70.00$70.00$70.00
Total monthly$4,783.26$5,305.21$4,909.53
Cash to close$84,995$32,250$64,500