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$648,364$648,364$693,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$44,636$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.176%7.640%
1st payment$4,181.95$4,181.95$4,798.19
2nd payment$0.00$334.77$0.00
Taxes / mo$641.67$641.67$641.67
Insurance / mo$216.67$216.67$216.67
MI / mo$303.25$303.25$138.60
HOA / mo$444.00$444.00$444.00
Total monthly$5,787.53$6,122.29$6,239.13
Cash to close$121,636$77,000$77,000