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$736,295$736,295$787,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$51,205$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.177%7.640%
1st payment$4,754.01$4,754.01$5,452.49
2nd payment$0.00$384.04$0.00
Taxes / mo$496.00$496.00$496.00
Insurance / mo$216.67$216.67$216.67
MI / mo$344.73$344.73$157.50
HOA / mo$0.00$0.00$0.00
Total monthly$5,811.41$6,195.44$6,322.66
Cash to close$138,705$87,500$87,500