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$687,340$687,340$773,100
Remaining term (yrs)25.725.730.0
Secondary amount$0$85,760$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%6.199%7.640%
1st payment$3,953.23$3,953.23$5,352.79
2nd payment$0.00$643.20$0.00
Taxes / mo$715.83$715.83$715.83
Insurance / mo$216.67$216.67$216.67
MI / mo$521.63$521.63$154.62
HOA / mo$0.00$0.00$0.00
Total monthly$5,407.36$6,050.56$6,439.91
Cash to close$171,660$85,900$85,900