Dan Frey Home Loans
Call Dan

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$593,291$593,291$629,996
Remaining term (yrs)25.925.930.0
Secondary amount$0$36,704$0
Funding fee$0$0$0
Note rate5.130%5.130%7.320%
Blended rate5.980%6.156%7.560%
1st payment$3,441.88$3,441.88$4,327.63
2nd payment$0.00$275.28$0.00
Taxes / mo$676.25$676.25$676.25
Insurance / mo$166.67$166.67$166.67
MI / mo$447.51$447.51$126.00
HOA / mo$75.00$75.00$75.00
Total monthly$4,807.30$5,082.58$5,371.55
Cash to close$106,704$70,000$70,000