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$610,334$610,334$675,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$64,666$0
Funding fee$0$0$0
Note rate4.990%4.990%7.400%
Blended rate5.840%6.143%7.640%
1st payment$3,501.21$3,501.21$4,673.56
2nd payment$0.00$485.00$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$462.51$462.51$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,805.39$5,290.39$5,650.23
Cash to close$139,666$75,000$75,000