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$585,293$585,293$854,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$268,807$0
Funding fee$0$0$0
Note rate5.520%5.520%7.400%
Blended rate6.370%6.804%7.640%
1st payment$3,542.34$3,542.34$5,913.62
2nd payment$0.00$1,736.04$0.00
Taxes / mo$790.83$790.83$790.83
Insurance / mo$216.67$216.67$216.67
MI / mo$440.94$440.94$170.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,990.78$6,726.82$7,091.94
Cash to close$363,707$94,900$94,900