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$563,518$563,518$643,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$79,982$0
Funding fee$0$0$0
Note rate5.700%5.700%7.400%
Blended rate6.550%6.855%7.640%
1st payment$3,472.03$3,472.03$4,455.46
2nd payment$0.00$599.86$0.00
Taxes / mo$196.08$196.08$196.08
Insurance / mo$216.67$216.67$216.67
MI / mo$423.73$423.73$128.70
HOA / mo$97.00$97.00$97.00
Total monthly$4,405.52$5,005.38$5,093.91
Cash to close$151,482$71,500$71,500