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$691,886$691,886$989,820
Remaining term (yrs)26.426.430.0
Secondary amount$0$297,934$0
Funding fee$0$0$0
Note rate6.260%6.260%7.320%
Blended rate6.810%7.093%7.560%
1st payment$4,456.96$4,456.96$6,799.38
2nd payment$0.00$1,924.16$0.00
Taxes / mo$916.50$916.50$916.50
Insurance / mo$216.67$216.67$216.67
MI / mo$331.42$331.42$197.96
HOA / mo$0.00$0.00$0.00
Total monthly$5,921.54$7,845.70$8,130.51
Cash to close$407,914$109,980$109,980