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$617,834$617,834$800,100
Remaining term (yrs)27.627.630.0
Secondary amount$0$182,266$0
Funding fee$0$0$0
Note rate7.220%7.220%7.400%
Blended rate7.770%7.822%7.640%
1st payment$4,300.78$4,300.78$5,539.73
2nd payment$0.00$1,215.10$0.00
Taxes / mo$740.83$740.83$740.83
Insurance / mo$216.67$216.67$216.67
MI / mo$289.82$289.82$160.02
HOA / mo$0.00$0.00$0.00
Total monthly$5,548.10$6,763.20$6,657.25
Cash to close$271,166$88,900$88,900