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$628,183$628,183$675,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$46,817$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.483%7.640%
1st payment$4,224.91$4,224.91$4,673.56
2nd payment$0.00$351.13$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$296.42$296.42$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,363.00$5,714.13$5,650.23
Cash to close$121,817$75,000$75,000