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$578,528$578,528$648,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$69,472$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.500%7.640%
1st payment$3,848.36$3,848.36$4,486.62
2nd payment$0.00$521.04$0.00
Taxes / mo$491.50$491.50$491.50
Insurance / mo$216.67$216.67$216.67
MI / mo$271.39$271.39$129.60
HOA / mo$18.00$18.00$18.00
Total monthly$4,845.92$5,366.96$5,342.39
Cash to close$141,472$72,000$72,000