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$505,578$505,578$558,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$52,422$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%7.433%7.560%
1st payment$3,301.44$3,301.44$3,833.07
2nd payment$0.00$393.16$0.00
Taxes / mo$516.67$516.67$516.67
Insurance / mo$166.67$166.67$166.67
MI / mo$234.02$234.02$111.60
HOA / mo$0.00$0.00$0.00
Total monthly$4,218.79$4,611.95$4,628.01
Cash to close$114,422$62,000$62,000