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$585,285$585,285$643,410
Remaining term (yrs)26.326.330.0
Secondary amount$0$58,125$0
Funding fee$0$0$0
Note rate6.120%6.120%7.320%
Blended rate6.670%6.880%7.560%
1st payment$3,723.55$3,723.55$4,419.78
2nd payment$0.00$435.94$0.00
Taxes / mo$369.08$369.08$369.08
Insurance / mo$216.67$216.67$216.67
MI / mo$281.02$281.02$128.68
HOA / mo$43.33$43.33$43.33
Total monthly$4,633.66$5,069.59$5,177.54
Cash to close$129,615$71,490$71,490