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$606,962$606,962$604,800
Remaining term (yrs)27.427.430.0
Secondary amount$0$31,438$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.421%7.640%
1st payment$4,007.16$4,007.16$4,187.51
2nd payment$0.00$311.11$0.00
Taxes / mo$600.67$600.67$600.67
Insurance / mo$166.67$166.67$166.67
MI / mo$286.39$286.39$120.96
HOA / mo$0.00$0.00$0.00
Total monthly$5,060.88$5,371.99$5,075.81
Cash to close$65,038$33,600$67,200