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$620,388$620,388$621,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$35,112$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate6.100%6.409%7.640%
1st payment$3,659.86$3,659.86$4,299.68
2nd payment$0.00$347.46$0.00
Taxes / mo$575.00$575.00$575.00
Insurance / mo$166.67$166.67$166.67
MI / mo$469.46$469.46$124.20
HOA / mo$0.00$0.00$0.00
Total monthly$4,870.99$5,218.46$5,165.55
Cash to close$69,612$34,500$69,000