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$542,640$542,640$624,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$81,360$0
Funding fee$0$0$0
Note rate5.890%5.890%7.400%
Blended rate6.740%7.035%7.640%
1st payment$3,388.10$3,388.10$4,320.45
2nd payment$0.00$610.20$0.00
Taxes / mo$577.78$577.78$577.78
Insurance / mo$166.67$166.67$166.67
MI / mo$405.05$405.05$124.80
HOA / mo$0.00$0.00$0.00
Total monthly$4,537.60$5,147.80$5,189.69
Cash to close$150,693$69,333$69,333