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$580,315$580,315$791,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$210,785$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.530%7.640%
1st payment$3,953.74$3,953.74$5,477.42
2nd payment$0.00$1,361.32$0.00
Taxes / mo$732.50$732.50$732.50
Insurance / mo$216.67$216.67$216.67
MI / mo$275.15$275.15$158.22
HOA / mo$122.00$122.00$122.00
Total monthly$5,300.06$6,661.38$6,706.80
Cash to close$298,685$87,900$87,900