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$560,360$560,360$562,500
Remaining term (yrs)26.526.530.0
Secondary amount$0$33,390$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate6.970%7.246%7.640%
1st payment$3,661.95$3,661.95$3,894.64
2nd payment$0.00$330.42$0.00
Taxes / mo$253.92$253.92$253.92
Insurance / mo$166.67$166.67$166.67
MI / mo$267.76$267.76$112.50
HOA / mo$67.00$67.00$67.00
Total monthly$4,417.30$4,747.72$4,494.72
Cash to close$64,640$31,250$62,500