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$554,810$554,810$598,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$43,690$0
Funding fee$0$0$0
Note rate6.710%6.710%7.400%
Blended rate7.260%7.387%7.640%
1st payment$3,720.00$3,720.00$4,143.89
2nd payment$0.00$327.68$0.00
Taxes / mo$574.00$574.00$574.00
Insurance / mo$166.67$166.67$166.67
MI / mo$263.96$263.96$119.70
HOA / mo$0.00$0.00$0.00
Total monthly$4,724.62$5,052.29$5,004.26
Cash to close$110,190$66,500$66,500