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$566,757$566,757$697,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$130,743$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.602%7.640%
1st payment$3,883.47$3,883.47$4,829.35
2nd payment$0.00$871.62$0.00
Taxes / mo$645.83$645.83$645.83
Insurance / mo$216.67$216.67$216.67
MI / mo$268.62$268.62$139.50
HOA / mo$25.00$25.00$25.00
Total monthly$5,039.59$5,911.21$5,856.35
Cash to close$208,243$77,500$77,500