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$656,925$656,925$697,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$40,575$0
Funding fee$0$0$0
Note rate6.920%6.920%7.320%
Blended rate7.470%7.559%7.560%
1st payment$4,434.29$4,434.29$4,791.34
2nd payment$0.00$304.31$0.00
Taxes / mo$394.75$394.75$394.75
Insurance / mo$216.67$216.67$216.67
MI / mo$307.97$307.97$139.50
HOA / mo$87.00$87.00$87.00
Total monthly$5,440.67$5,744.99$5,629.26
Cash to close$118,075$77,500$77,500