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$587,973$587,973$774,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$186,027$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.521%7.640%
1st payment$3,938.28$3,938.28$5,359.02
2nd payment$0.00$1,240.18$0.00
Taxes / mo$716.67$716.67$716.67
Insurance / mo$216.67$216.67$216.67
MI / mo$276.31$276.31$154.80
HOA / mo$515.00$515.00$515.00
Total monthly$5,662.93$6,903.11$6,962.15
Cash to close$272,027$86,000$86,000