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$663,765$663,765$693,000
Remaining term (yrs)29.429.430.0
Secondary amount$0$29,235$0
Funding fee$0$0$0
Note rate6.160%6.160%7.400%
Blended rate6.710%6.807%7.640%
1st payment$4,072.04$4,072.04$4,798.19
2nd payment$0.00$219.26$0.00
Taxes / mo$641.67$641.67$641.67
Insurance / mo$216.67$216.67$216.67
MI / mo$306.02$306.02$138.60
HOA / mo$0.00$0.00$0.00
Total monthly$5,236.39$5,455.65$5,795.13
Cash to close$106,235$77,000$77,000