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$599,496$599,496$611,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$46,409$0
Funding fee$0$0$0
Note rate6.200%6.200%7.400%
Blended rate6.750%7.118%7.640%
1st payment$3,755.32$3,755.32$4,236.74
2nd payment$0.00$459.25$0.00
Taxes / mo$572.58$572.58$572.58
Insurance / mo$166.67$166.67$166.67
MI / mo$281.02$281.02$122.38
HOA / mo$44.83$44.83$44.83
Total monthly$4,820.43$5,279.68$5,143.20
Cash to close$80,404$33,995$67,990