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$560,980$560,980$661,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$100,520$0
Funding fee$0$0$0
Note rate5.510%5.510%7.400%
Blended rate6.360%6.609%7.640%
1st payment$3,386.90$3,386.90$4,580.09
2nd payment$0.00$670.13$0.00
Taxes / mo$444.08$444.08$444.08
Insurance / mo$216.67$216.67$216.67
MI / mo$422.06$422.06$132.30
HOA / mo$133.00$133.00$133.00
Total monthly$4,602.71$5,272.84$5,506.14
Cash to close$174,020$73,500$73,500