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$697,890$697,890$1,080,000
Remaining term (yrs)28.728.730.0
Secondary amount$0$382,110$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.298%7.640%
1st payment$4,469.74$4,469.74$7,477.70
2nd payment$0.00$2,467.79$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$324.12$324.12$216.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,010.53$8,478.32$8,910.37
Cash to close$502,110$120,000$120,000