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$552,134$552,134$607,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$55,366$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.382%7.640%
1st payment$3,667.65$3,667.65$4,206.21
2nd payment$0.00$415.24$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$261.31$261.31$121.50
HOA / mo$155.00$155.00$155.00
Total monthly$4,813.13$5,228.37$5,211.87
Cash to close$122,866$67,500$67,500