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$545,936$545,936$584,100
Remaining term (yrs)29.429.430.0
Secondary amount$0$38,164$0
Funding fee$0$0$0
Note rate6.010%6.010%7.400%
Blended rate6.560%6.719%7.640%
1st payment$3,293.20$3,293.20$4,044.19
2nd payment$0.00$286.23$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$251.48$251.48$116.82
HOA / mo$701.00$701.00$701.00
Total monthly$4,953.18$5,239.41$5,569.51
Cash to close$103,064$64,900$64,900