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$606,399$606,399$724,500
Remaining term (yrs)26.626.630.0
Secondary amount$0$118,101$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.012%7.640%
1st payment$3,900.62$3,900.62$5,016.29
2nd payment$0.00$787.34$0.00
Taxes / mo$670.83$670.83$670.83
Insurance / mo$216.67$216.67$216.67
MI / mo$289.75$289.75$144.90
HOA / mo$0.00$0.00$0.00
Total monthly$5,077.86$5,865.20$6,048.69
Cash to close$198,601$80,500$80,500