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$584,247$584,247$592,200
Remaining term (yrs)27.927.930.0
Secondary amount$0$40,853$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.618%7.640%
1st payment$3,882.50$3,882.50$4,100.27
2nd payment$0.00$404.28$0.00
Taxes / mo$296.08$296.08$296.08
Insurance / mo$166.67$166.67$166.67
MI / mo$273.80$273.80$118.44
HOA / mo$0.00$0.00$0.00
Total monthly$4,619.05$5,023.33$4,681.46
Cash to close$73,753$32,900$65,800