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$592,683$592,683$674,999
Remaining term (yrs)29.329.330.0
Secondary amount$0$82,316$0
Funding fee$0$0$0
Note rate6.180%6.180%7.400%
Blended rate6.730%7.007%7.640%
1st payment$3,647.25$3,647.25$4,673.56
2nd payment$0.00$617.37$0.00
Taxes / mo$158.67$158.67$158.67
Insurance / mo$216.67$216.67$216.67
MI / mo$273.52$273.52$135.00
HOA / mo$41.67$41.67$41.67
Total monthly$4,337.77$4,955.14$5,225.56
Cash to close$157,316$75,000$75,000