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$552,445$552,445$701,910
Remaining term (yrs)26.926.930.0
Secondary amount$0$149,465$0
Funding fee$0$0$0
Note rate7.070%7.070%7.320%
Blended rate7.620%7.701%7.560%
1st payment$3,821.12$3,821.12$4,821.63
2nd payment$0.00$996.43$0.00
Taxes / mo$649.92$649.92$649.92
Insurance / mo$216.67$216.67$216.67
MI / mo$261.39$261.39$140.38
HOA / mo$0.00$0.00$0.00
Total monthly$4,949.10$5,945.53$5,828.60
Cash to close$227,455$77,990$77,990