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$671,606$671,606$688,500
Remaining term (yrs)29.129.130.0
Secondary amount$0$55,144$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.194%7.640%
1st payment$4,175.90$4,175.90$4,767.03
2nd payment$0.00$545.70$0.00
Taxes / mo$637.50$637.50$637.50
Insurance / mo$216.67$216.67$216.67
MI / mo$310.52$310.52$137.70
HOA / mo$0.00$0.00$0.00
Total monthly$5,340.59$5,886.29$5,758.90
Cash to close$93,394$38,250$76,500