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$554,400$554,400$688,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$134,100$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%6.349%7.640%
1st payment$3,226.32$3,226.32$4,767.03
2nd payment$0.00$894.00$0.00
Taxes / mo$637.50$637.50$637.50
Insurance / mo$216.67$216.67$216.67
MI / mo$420.91$420.91$137.70
HOA / mo$0.00$0.00$0.00
Total monthly$4,501.39$5,395.39$5,758.90
Cash to close$210,600$76,500$76,500