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$549,768$549,768$620,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$71,142$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%6.937%7.640%
1st payment$3,415.83$3,415.83$4,299.06
2nd payment$0.00$533.56$0.00
Taxes / mo$574.92$574.92$574.92
Insurance / mo$166.67$166.67$166.67
MI / mo$257.80$257.80$124.18
HOA / mo$0.00$0.00$0.00
Total monthly$4,415.22$4,948.78$5,164.82
Cash to close$140,132$68,990$68,990