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$552,720$552,720$629,999
Remaining term (yrs)27.027.030.0
Secondary amount$0$77,279$0
Funding fee$0$0$0
Note rate7.230%7.230%7.320%
Blended rate7.780%7.930%7.560%
1st payment$3,877.23$3,877.23$4,327.66
2nd payment$0.00$579.59$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$261.02$261.02$126.00
HOA / mo$280.00$280.00$280.00
Total monthly$5,168.25$5,747.84$5,483.66
Cash to close$147,279$70,000$70,000