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$545,936$545,936$562,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$47,814$0
Funding fee$0$0$0
Note rate6.010%6.010%7.240%
Blended rate6.560%6.988%7.480%
1st payment$3,293.20$3,293.20$3,833.43
2nd payment$0.00$473.16$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$251.48$251.48$112.50
HOA / mo$701.00$701.00$701.00
Total monthly$4,933.18$5,406.34$5,334.43
Cash to close$79,064$31,250$62,500