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$556,799$556,799$602,910
Remaining term (yrs)29.229.230.0
Secondary amount$0$46,111$0
Funding fee$0$0$0
Note rate6.060%6.060%7.400%
Blended rate6.610%6.793%7.640%
1st payment$3,386.94$3,386.94$4,174.43
2nd payment$0.00$345.83$0.00
Taxes / mo$558.25$558.25$558.25
Insurance / mo$166.67$166.67$166.67
MI / mo$257.26$257.26$120.58
HOA / mo$120.00$120.00$120.00
Total monthly$4,489.12$4,834.95$5,139.93
Cash to close$113,101$66,990$66,990