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$696,470$696,470$719,999
Remaining term (yrs)28.928.930.0
Secondary amount$0$63,529$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.453%7.560%
1st payment$4,447.61$4,447.61$4,945.89
2nd payment$0.00$628.67$0.00
Taxes / mo$188.83$188.83$188.83
Insurance / mo$216.67$216.67$216.67
MI / mo$322.51$322.51$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,175.62$5,804.29$5,495.39
Cash to close$103,529$40,000$80,000