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$552,946$552,946$647,999
Remaining term (yrs)26.526.530.0
Secondary amount$0$95,054$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%7.182%7.640%
1st payment$3,578.51$3,578.51$4,486.61
2nd payment$0.00$712.90$0.00
Taxes / mo$756.67$756.67$756.67
Insurance / mo$216.67$216.67$216.67
MI / mo$264.42$264.42$129.60
HOA / mo$42.25$42.25$42.25
Total monthly$4,858.52$5,571.42$5,631.80
Cash to close$167,053$72,000$72,000