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$576,052$576,052$630,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$53,948$0
Funding fee$0$0$0
Note rate6.470%6.470%7.320%
Blended rate7.020%7.190%7.560%
1st payment$3,712.10$3,712.10$4,327.66
2nd payment$0.00$404.61$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$270.02$270.02$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,732.12$5,136.73$5,203.66
Cash to close$123,948$70,000$70,000