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$547,376$547,376$585,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$37,624$0
Funding fee$0$0$0
Note rate6.770%6.770%7.400%
Blended rate7.320%7.428%7.640%
1st payment$3,637.49$3,637.49$4,050.42
2nd payment$0.00$282.18$0.00
Taxes / mo$322.50$322.50$322.50
Insurance / mo$166.67$166.67$166.67
MI / mo$256.52$256.52$117.00
HOA / mo$64.00$64.00$64.00
Total monthly$4,447.17$4,729.35$4,720.59
Cash to close$102,624$65,000$65,000