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$615,271$615,271$657,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$41,729$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.539%7.640%
1st payment$4,117.08$4,117.08$4,548.94
2nd payment$0.00$312.97$0.00
Taxes / mo$365.00$365.00$365.00
Insurance / mo$216.67$216.67$216.67
MI / mo$286.81$286.81$131.40
HOA / mo$240.00$240.00$240.00
Total monthly$5,225.56$5,538.53$5,502.00
Cash to close$114,729$73,000$73,000