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$695,010$695,010$854,999
Remaining term (yrs)28.928.930.0
Secondary amount$0$159,989$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.293%7.640%
1st payment$4,474.59$4,474.59$5,919.84
2nd payment$0.00$1,066.60$0.00
Taxes / mo$791.67$791.67$791.67
Insurance / mo$216.67$216.67$216.67
MI / mo$321.78$321.78$171.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,804.71$6,871.31$7,099.17
Cash to close$254,989$95,000$95,000