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$573,399$573,399$719,999
Remaining term (yrs)26.526.530.0
Secondary amount$0$146,600$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.275%7.640%
1st payment$3,790.89$3,790.89$4,985.13
2nd payment$0.00$977.34$0.00
Taxes / mo$666.67$666.67$666.67
Insurance / mo$216.67$216.67$216.67
MI / mo$273.75$273.75$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,947.97$5,925.31$6,012.46
Cash to close$226,600$80,000$80,000