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$701,064$701,064$809,910
Remaining term (yrs)27.727.730.0
Secondary amount$0$108,846$0
Funding fee$0$0$0
Note rate7.060%7.060%7.400%
Blended rate7.610%7.662%7.640%
1st payment$4,801.40$4,801.40$5,607.65
2nd payment$0.00$725.64$0.00
Taxes / mo$749.92$749.92$749.92
Insurance / mo$216.67$216.67$216.67
MI / mo$328.78$328.78$161.98
HOA / mo$532.00$532.00$532.00
Total monthly$6,628.76$7,354.40$7,268.22
Cash to close$198,836$89,990$89,990