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$584,234$584,234$674,899
Remaining term (yrs)29.129.130.0
Secondary amount$0$90,666$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.312%7.640%
1st payment$3,723.71$3,723.71$4,672.87
2nd payment$0.00$679.99$0.00
Taxes / mo$624.91$624.91$624.91
Insurance / mo$216.67$216.67$216.67
MI / mo$270.02$270.02$134.98
HOA / mo$0.00$0.00$0.00
Total monthly$4,835.31$5,515.30$5,649.42
Cash to close$165,654$74,989$74,989