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$584,472$584,472$711,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$126,528$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.540%7.640%
1st payment$3,892.82$3,892.82$4,922.82
2nd payment$0.00$843.52$0.00
Taxes / mo$658.33$658.33$658.33
Insurance / mo$216.67$216.67$216.67
MI / mo$271.18$271.18$142.20
HOA / mo$12.00$12.00$12.00
Total monthly$5,051.01$5,894.52$5,952.02
Cash to close$205,528$79,000$79,000