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$570,873$570,873$585,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$46,627$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.276%7.640%
1st payment$3,696.56$3,696.56$4,050.42
2nd payment$0.00$461.41$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$272.29$272.29$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,677.18$5,138.59$4,875.76
Cash to close$79,127$32,500$65,000