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$621,337$621,337$683,999
Remaining term (yrs)25.725.730.0
Secondary amount$0$62,662$0
Funding fee$0$0$0
Note rate4.750%4.750%7.320%
Blended rate5.600%5.911%7.560%
1st payment$3,482.95$3,482.95$4,698.60
2nd payment$0.00$469.96$0.00
Taxes / mo$633.33$633.33$633.33
Insurance / mo$216.67$216.67$216.67
MI / mo$472.94$472.94$136.80
HOA / mo$0.00$0.00$0.00
Total monthly$4,805.89$5,275.86$5,685.40
Cash to close$138,662$76,000$76,000