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$554,940$554,940$733,500
Remaining term (yrs)27.527.530.0
Secondary amount$0$178,560$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.463%7.640%
1st payment$3,691.93$3,691.93$5,078.61
2nd payment$0.00$1,190.40$0.00
Taxes / mo$432.17$432.17$432.17
Insurance / mo$216.67$216.67$216.67
MI / mo$261.16$261.16$146.70
HOA / mo$0.00$0.00$0.00
Total monthly$4,601.92$5,792.31$5,874.14
Cash to close$260,060$81,500$81,500