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$552,605$552,605$589,410
Remaining term (yrs)28.728.730.0
Secondary amount$0$36,805$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.172%7.560%
1st payment$3,539.25$3,539.25$4,048.84
2nd payment$0.00$276.04$0.00
Taxes / mo$545.75$545.75$545.75
Insurance / mo$166.67$166.67$166.67
MI / mo$256.64$256.64$117.88
HOA / mo$0.00$0.00$0.00
Total monthly$4,508.30$4,784.34$4,879.14
Cash to close$102,295$65,490$65,490