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$573,652$573,652$674,999
Remaining term (yrs)26.526.530.0
Secondary amount$0$101,347$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.278%7.640%
1st payment$3,814.53$3,814.53$4,673.56
2nd payment$0.00$675.65$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$273.75$273.75$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,929.95$5,605.59$5,650.22
Cash to close$176,347$75,000$75,000