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$694,409$694,409$715,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$60,841$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.439%7.560%
1st payment$4,460.74$4,460.74$4,914.99
2nd payment$0.00$602.07$0.00
Taxes / mo$733.50$733.50$733.50
Insurance / mo$216.67$216.67$216.67
MI / mo$323.46$323.46$143.10
HOA / mo$0.00$0.00$0.00
Total monthly$5,734.37$6,336.45$6,008.26
Cash to close$100,591$39,750$79,500