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$639,230$639,230$674,999
Remaining term (yrs)27.627.630.0
Secondary amount$0$35,769$0
Funding fee$0$0$0
Note rate6.870%6.870%7.320%
Blended rate7.420%7.504%7.560%
1st payment$4,302.47$4,302.47$4,636.78
2nd payment$0.00$268.27$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$300.33$300.33$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,444.47$5,712.74$5,613.44
Cash to close$110,769$75,000$75,000