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$541,305$541,305$607,499
Remaining term (yrs)27.827.830.0
Secondary amount$0$66,194$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.420%7.592%7.640%
1st payment$3,636.12$3,636.12$4,206.20
2nd payment$0.00$496.45$0.00
Taxes / mo$265.75$265.75$265.75
Insurance / mo$166.67$166.67$166.67
MI / mo$253.82$253.82$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,322.35$4,818.80$4,760.12
Cash to close$133,694$67,500$67,500