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$581,266$581,266$697,500
Remaining term (yrs)27.327.330.0
Secondary amount$0$116,234$0
Funding fee$0$0$0
Note rate6.150%6.150%7.320%
Blended rate6.700%6.917%7.560%
1st payment$3,659.85$3,659.85$4,791.34
2nd payment$0.00$774.89$0.00
Taxes / mo$645.83$645.83$645.83
Insurance / mo$216.67$216.67$216.67
MI / mo$268.55$268.55$139.50
HOA / mo$201.00$201.00$201.00
Total monthly$4,991.90$5,766.80$5,994.34
Cash to close$193,734$77,500$77,500