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$553,914$553,914$607,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$53,586$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%6.602%7.640%
1st payment$3,352.42$3,352.42$4,206.21
2nd payment$0.00$401.89$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$417.30$417.30$121.50
HOA / mo$281.00$281.00$281.00
Total monthly$4,779.89$5,181.79$5,337.87
Cash to close$121,086$67,500$67,500