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$602,277$602,277$751,410
Remaining term (yrs)27.427.430.0
Secondary amount$0$149,133$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.543%7.640%
1st payment$4,065.87$4,065.87$5,202.61
2nd payment$0.00$994.22$0.00
Taxes / mo$334.25$334.25$334.25
Insurance / mo$216.67$216.67$216.67
MI / mo$283.53$283.53$150.28
HOA / mo$25.67$25.67$25.67
Total monthly$4,925.99$5,920.21$5,929.48
Cash to close$232,623$83,490$83,490