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$635,350$635,350$733,410
Remaining term (yrs)29.129.130.0
Secondary amount$0$98,060$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.068%7.640%
1st payment$3,934.07$3,934.07$5,077.98
2nd payment$0.00$735.45$0.00
Taxes / mo$679.08$679.08$679.08
Insurance / mo$216.67$216.67$216.67
MI / mo$293.78$293.78$146.68
HOA / mo$195.00$195.00$195.00
Total monthly$5,318.60$6,054.05$6,315.41
Cash to close$179,550$81,490$81,490