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$542,943$542,943$612,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$69,057$0
Funding fee$0$0$0
Note rate6.110%6.110%7.320%
Blended rate6.960%7.190%7.560%
1st payment$3,468.46$3,468.46$4,204.02
2nd payment$0.00$517.93$0.00
Taxes / mo$566.67$566.67$566.67
Insurance / mo$166.67$166.67$166.67
MI / mo$404.99$404.99$122.40
HOA / mo$0.00$0.00$0.00
Total monthly$4,606.78$5,124.71$5,059.75
Cash to close$137,057$68,000$68,000