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$701,315$701,315$809,100
Remaining term (yrs)29.029.030.0
Secondary amount$0$107,785$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.038%7.640%
1st payment$4,401.28$4,401.28$5,602.04
2nd payment$0.00$718.57$0.00
Taxes / mo$749.17$749.17$749.17
Insurance / mo$216.67$216.67$216.67
MI / mo$324.54$324.54$161.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,691.65$6,410.22$6,729.70
Cash to close$197,685$89,900$89,900