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$559,004$559,004$580,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$53,746$0
Funding fee$0$0$0
Note rate6.260%6.260%7.320%
Blended rate6.810%7.254%7.560%
1st payment$3,600.96$3,600.96$3,987.63
2nd payment$0.00$531.86$0.00
Taxes / mo$537.50$537.50$537.50
Insurance / mo$166.67$166.67$166.67
MI / mo$267.77$267.77$116.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,572.90$5,104.76$4,807.90
Cash to close$85,996$32,250$64,500