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$585,205$585,205$643,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$58,295$0
Funding fee$0$0$0
Note rate6.300%6.300%7.320%
Blended rate6.850%7.045%7.560%
1st payment$4,006.90$4,006.90$4,420.40
2nd payment$0.00$437.22$0.00
Taxes / mo$595.83$595.83$595.83
Insurance / mo$216.67$216.67$216.67
MI / mo$272.38$272.38$128.70
HOA / mo$0.00$0.00$0.00
Total monthly$5,091.78$5,528.99$5,361.60
Cash to close$129,795$71,500$71,500