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$551,084$551,084$562,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$42,666$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.759%7.640%
1st payment$3,705.38$3,705.38$3,894.64
2nd payment$0.00$422.22$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$258.13$258.13$112.50
HOA / mo$535.00$535.00$535.00
Total monthly$5,186.00$5,608.22$5,229.64
Cash to close$73,916$31,250$62,500