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$574,709$574,709$594,000
Remaining term (yrs)27.427.430.0
Secondary amount$0$52,291$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.550%6.077%7.640%
1st payment$3,203.55$3,203.55$4,112.74
2nd payment$0.00$517.46$0.00
Taxes / mo$130.58$130.58$130.58
Insurance / mo$166.67$166.67$166.67
MI / mo$273.52$273.52$118.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,774.32$4,291.78$4,528.79
Cash to close$85,291$33,000$66,000