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$674,759$674,759$810,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$135,241$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.209%7.560%
1st payment$4,308.97$4,308.97$5,564.14
2nd payment$0.00$901.61$0.00
Taxes / mo$750.00$750.00$750.00
Insurance / mo$216.67$216.67$216.67
MI / mo$312.46$312.46$162.00
HOA / mo$436.00$436.00$436.00
Total monthly$6,024.09$6,925.69$7,128.80
Cash to close$225,241$90,000$90,000