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$649,444$649,444$643,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$29,806$0
Funding fee$0$0$0
Note rate6.580%6.580%7.320%
Blended rate7.130%7.338%7.560%
1st payment$4,189.26$4,189.26$4,420.40
2nd payment$0.00$294.95$0.00
Taxes / mo$54.53$54.53$54.53
Insurance / mo$216.67$216.67$216.67
MI / mo$301.26$301.26$128.70
HOA / mo$0.00$0.00$0.00
Total monthly$4,761.72$5,056.67$4,820.30
Cash to close$65,556$35,750$71,500