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$533,555$533,555$544,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$41,195$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.600%7.640%
1st payment$3,490.64$3,490.64$3,770.01
2nd payment$0.00$407.66$0.00
Taxes / mo$225.00$225.00$225.00
Insurance / mo$166.67$166.67$166.67
MI / mo$247.43$247.43$108.90
HOA / mo$389.00$389.00$389.00
Total monthly$4,518.73$4,926.40$4,659.57
Cash to close$71,445$30,250$60,500