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$595,177$595,177$652,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$57,323$0
Funding fee$0$0$0
Note rate6.120%6.120%7.320%
Blended rate6.670%6.875%7.560%
1st payment$3,697.97$3,697.97$4,482.22
2nd payment$0.00$429.92$0.00
Taxes / mo$604.17$604.17$604.17
Insurance / mo$216.67$216.67$216.67
MI / mo$279.09$279.09$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,797.89$5,227.82$5,433.56
Cash to close$129,823$72,500$72,500