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$649,258$649,258$688,392
Remaining term (yrs)28.628.630.0
Secondary amount$0$39,134$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.529%7.640%
1st payment$4,328.29$4,328.29$4,766.29
2nd payment$0.00$293.51$0.00
Taxes / mo$637.40$637.40$637.40
Insurance / mo$216.67$216.67$216.67
MI / mo$301.52$301.52$137.68
HOA / mo$0.00$0.00$0.00
Total monthly$5,483.88$5,777.39$5,758.03
Cash to close$115,622$76,488$76,488