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$567,196$567,196$674,996
Remaining term (yrs)29.429.430.0
Secondary amount$0$107,799$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.202%7.640%
1st payment$3,601.52$3,601.52$4,673.53
2nd payment$0.00$718.66$0.00
Taxes / mo$240.72$240.72$240.72
Insurance / mo$216.67$216.67$216.67
MI / mo$261.16$261.16$135.00
HOA / mo$41.67$41.67$41.67
Total monthly$4,361.74$5,080.40$5,307.59
Cash to close$182,799$75,000$75,000