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$590,278$590,278$670,410
Remaining term (yrs)29.429.430.0
Secondary amount$0$80,132$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.050%5.522%7.640%
1st payment$3,010.83$3,010.83$4,641.78
2nd payment$0.00$600.99$0.00
Taxes / mo$620.75$620.75$620.75
Insurance / mo$216.67$216.67$216.67
MI / mo$272.35$272.35$134.08
HOA / mo$332.00$332.00$332.00
Total monthly$4,452.59$5,053.58$5,945.28
Cash to close$154,622$74,490$74,490