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$541,991$541,991$675,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$133,009$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.117%7.640%
1st payment$3,513.70$3,513.70$4,673.56
2nd payment$0.00$886.73$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$258.82$258.82$135.00
HOA / mo$125.00$125.00$125.00
Total monthly$4,739.18$5,625.91$5,775.23
Cash to close$208,009$75,000$75,000