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$605,136$605,136$629,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$58,914$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%6.585%7.640%
1st payment$3,537.66$3,537.66$4,355.76
2nd payment$0.00$583.00$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$455.32$455.32$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,742.15$5,325.14$5,230.75
Cash to close$93,864$34,950$69,900