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$593,567$593,567$593,910
Remaining term (yrs)25.725.730.0
Secondary amount$0$33,338$0
Funding fee$0$0$0
Note rate5.090%5.090%7.400%
Blended rate5.940%6.256%7.640%
1st payment$3,445.35$3,445.35$4,112.11
2nd payment$0.00$329.91$0.00
Taxes / mo$291.00$291.00$291.00
Insurance / mo$166.67$166.67$166.67
MI / mo$449.99$449.99$118.78
HOA / mo$138.00$138.00$138.00
Total monthly$4,491.01$4,820.92$4,826.56
Cash to close$66,333$32,995$65,990