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$661,286$661,286$917,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$255,814$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%6.971%7.640%
1st payment$4,201.79$4,201.79$6,349.82
2nd payment$0.00$1,652.13$0.00
Taxes / mo$849.17$849.17$849.17
Insurance / mo$216.67$216.67$216.67
MI / mo$317.12$317.12$183.42
HOA / mo$0.00$0.00$0.00
Total monthly$5,584.74$7,236.88$7,599.07
Cash to close$357,714$101,900$101,900