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$567,344$567,344$602,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$34,756$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.492%7.640%
1st payment$3,774.29$3,774.29$4,168.82
2nd payment$0.00$260.67$0.00
Taxes / mo$557.50$557.50$557.50
Insurance / mo$166.67$166.67$166.67
MI / mo$264.00$264.00$120.42
HOA / mo$230.00$230.00$230.00
Total monthly$4,992.46$5,253.13$5,243.41
Cash to close$101,656$66,900$66,900