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$580,503$580,503$602,999
Remaining term (yrs)28.528.530.0
Secondary amount$0$55,996$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.611%7.640%
1st payment$3,782.02$3,782.02$4,175.04
2nd payment$0.00$554.13$0.00
Taxes / mo$558.33$558.33$558.33
Insurance / mo$166.67$166.67$166.67
MI / mo$270.02$270.02$120.60
HOA / mo$0.00$0.00$0.00
Total monthly$4,777.04$5,331.17$5,020.64
Cash to close$89,496$33,500$67,000