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$556,405$556,405$585,000
Remaining term (yrs)27.727.730.0
Secondary amount$0$28,595$0
Funding fee$0$0$0
Note rate7.020%7.020%7.400%
Blended rate7.570%7.640%7.640%
1st payment$3,796.01$3,796.01$4,050.42
2nd payment$0.00$214.47$0.00
Taxes / mo$283.67$283.67$283.67
Insurance / mo$166.67$166.67$166.67
MI / mo$260.98$260.98$117.00
HOA / mo$183.00$183.00$183.00
Total monthly$4,690.33$4,904.79$4,800.76
Cash to close$93,595$65,000$65,000