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$539,167$539,167$603,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$63,833$0
Funding fee$0$0$0
Note rate6.150%6.150%7.400%
Blended rate6.700%6.943%7.640%
1st payment$3,345.61$3,345.61$4,175.05
2nd payment$0.00$478.75$0.00
Taxes / mo$558.33$558.33$558.33
Insurance / mo$166.67$166.67$166.67
MI / mo$248.69$248.69$120.60
HOA / mo$0.00$0.00$0.00
Total monthly$4,319.30$4,798.06$5,020.65
Cash to close$130,833$67,000$67,000