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$621,819$621,819$764,999
Remaining term (yrs)27.827.830.0
Secondary amount$0$143,180$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.594%7.640%
1st payment$4,209.57$4,209.57$5,296.70
2nd payment$0.00$954.53$0.00
Taxes / mo$708.33$708.33$708.33
Insurance / mo$216.67$216.67$216.67
MI / mo$291.47$291.47$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,426.04$6,380.57$6,374.70
Cash to close$228,180$85,000$85,000