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$570,963$570,963$607,500
Remaining term (yrs)38.138.130.0
Secondary amount$0$36,537$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%6.998%7.640%
1st payment$3,303.46$3,303.46$4,206.21
2nd payment$0.00$274.03$0.00
Taxes / mo$393.83$393.83$393.83
Insurance / mo$166.67$166.67$166.67
MI / mo$264.39$264.39$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,128.35$4,402.37$4,888.21
Cash to close$104,037$67,500$67,500