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$587,010$587,010$702,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$114,990$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.498%7.640%
1st payment$3,931.56$3,931.56$4,860.51
2nd payment$0.00$766.60$0.00
Taxes / mo$650.00$650.00$650.00
Insurance / mo$216.67$216.67$216.67
MI / mo$275.00$275.00$140.40
HOA / mo$0.00$0.00$0.00
Total monthly$5,073.22$5,839.82$5,867.57
Cash to close$192,990$78,000$78,000