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$713,442$713,442$738,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$65,558$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.529%7.640%
1st payment$4,593.27$4,593.27$5,109.76
2nd payment$0.00$648.75$0.00
Taxes / mo$683.33$683.33$683.33
Insurance / mo$216.67$216.67$216.67
MI / mo$330.32$330.32$147.60
HOA / mo$0.00$0.00$0.00
Total monthly$5,823.58$6,472.33$6,157.36
Cash to close$106,558$41,000$82,000