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$664,385$664,385$719,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$54,715$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.198%7.640%
1st payment$4,242.72$4,242.72$4,978.90
2nd payment$0.00$410.36$0.00
Taxes / mo$609.83$609.83$609.83
Insurance / mo$216.67$216.67$216.67
MI / mo$307.65$307.65$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,376.87$5,787.23$5,949.22
Cash to close$134,615$79,900$79,900