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$624,347$624,347$696,150
Remaining term (yrs)28.728.730.0
Secondary amount$0$71,803$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.404%7.640%
1st payment$4,068.01$4,068.01$4,820.00
2nd payment$0.00$538.52$0.00
Taxes / mo$446.17$446.17$446.17
Insurance / mo$216.67$216.67$216.67
MI / mo$289.84$289.84$139.23
HOA / mo$50.00$50.00$50.00
Total monthly$5,070.68$5,609.20$5,672.07
Cash to close$149,153$77,350$77,350