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$589,869$589,869$594,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$37,131$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.188%7.640%
1st payment$3,391.09$3,391.09$4,112.74
2nd payment$0.00$367.44$0.00
Taxes / mo$550.00$550.00$550.00
Insurance / mo$166.67$166.67$166.67
MI / mo$448.47$448.47$118.80
HOA / mo$195.00$195.00$195.00
Total monthly$4,751.23$5,118.68$5,143.20
Cash to close$70,131$33,000$66,000