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$586,366$586,366$787,410
Remaining term (yrs)28.028.030.0
Secondary amount$0$201,044$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%6.946%7.640%
1st payment$3,643.23$3,643.23$5,451.87
2nd payment$0.00$1,298.41$0.00
Taxes / mo$199.00$199.00$199.00
Insurance / mo$216.67$216.67$216.67
MI / mo$274.96$274.96$157.48
HOA / mo$0.00$0.00$0.00
Total monthly$4,333.85$5,632.26$6,025.02
Cash to close$288,534$87,490$87,490