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$641,522$641,522$787,410
Remaining term (yrs)29.529.530.0
Secondary amount$0$145,888$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%6.998%7.640%
1st payment$3,952.66$3,952.66$5,451.87
2nd payment$0.00$972.58$0.00
Taxes / mo$729.08$729.08$729.08
Insurance / mo$216.67$216.67$216.67
MI / mo$295.17$295.17$157.48
HOA / mo$0.00$0.00$0.00
Total monthly$5,193.58$6,166.16$6,555.10
Cash to close$233,378$87,490$87,490