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$600,326$600,326$643,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$43,174$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%6.061%7.640%
1st payment$3,447.33$3,447.33$4,455.46
2nd payment$0.00$323.80$0.00
Taxes / mo$595.83$595.83$595.83
Insurance / mo$216.67$216.67$216.67
MI / mo$454.87$454.87$128.70
HOA / mo$0.00$0.00$0.00
Total monthly$4,714.71$5,038.51$5,396.66
Cash to close$114,674$71,500$71,500