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$706,779$706,779$877,500
Remaining term (yrs)29.329.330.0
Secondary amount$0$170,721$0
Funding fee$0$0$0
Note rate6.210%6.210%7.400%
Blended rate6.760%7.001%7.640%
1st payment$4,363.05$4,363.05$6,075.63
2nd payment$0.00$1,138.14$0.00
Taxes / mo$812.50$812.50$812.50
Insurance / mo$216.67$216.67$216.67
MI / mo$326.16$326.16$175.50
HOA / mo$0.00$0.00$0.00
Total monthly$5,718.38$6,856.51$7,280.30
Cash to close$268,221$97,500$97,500