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$621,182$621,182$620,100
Remaining term (yrs)28.928.930.0
Secondary amount$0$33,368$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.154%7.640%
1st payment$3,910.18$3,910.18$4,293.45
2nd payment$0.00$330.21$0.00
Taxes / mo$574.17$574.17$574.17
Insurance / mo$166.67$166.67$166.67
MI / mo$288.02$288.02$124.02
HOA / mo$0.00$0.00$0.00
Total monthly$4,939.03$5,269.24$5,158.30
Cash to close$67,818$34,450$68,900