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$631,898$631,898$674,100
Remaining term (yrs)26.126.130.0
Secondary amount$0$42,202$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%6.816%7.640%
1st payment$4,035.46$4,035.46$4,667.33
2nd payment$0.00$316.52$0.00
Taxes / mo$624.17$624.17$624.17
Insurance / mo$216.67$216.67$216.67
MI / mo$297.02$297.02$134.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,173.31$5,489.83$5,642.99
Cash to close$117,102$74,900$74,900