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$560,903$560,903$684,000
Remaining term (yrs)29.529.530.0
Secondary amount$0$123,097$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.660%6.901%7.640%
1st payment$3,416.09$3,416.09$4,735.88
2nd payment$0.00$820.65$0.00
Taxes / mo$633.33$633.33$633.33
Insurance / mo$216.67$216.67$216.67
MI / mo$258.09$258.09$136.80
HOA / mo$460.00$460.00$460.00
Total monthly$4,984.18$5,804.83$6,182.68
Cash to close$199,097$76,000$76,000