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$616,181$616,181$760,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$144,319$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.230%7.640%
1st payment$3,982.62$3,982.62$5,265.55
2nd payment$0.00$962.13$0.00
Taxes / mo$304.25$304.25$304.25
Insurance / mo$216.67$216.67$216.67
MI / mo$288.79$288.79$152.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,792.33$5,754.45$5,938.57
Cash to close$228,819$84,500$84,500