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$565,537$565,537$576,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$42,463$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.480%7.640%
1st payment$3,756.27$3,756.27$3,988.11
2nd payment$0.00$420.21$0.00
Taxes / mo$533.33$533.33$533.33
Insurance / mo$166.67$166.67$166.67
MI / mo$269.57$269.57$115.20
HOA / mo$630.00$630.00$630.00
Total monthly$5,355.84$5,776.05$5,433.31
Cash to close$74,463$32,000$64,000