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$626,670$626,670$629,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$37,380$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.322%7.640%
1st payment$4,127.12$4,127.12$4,355.76
2nd payment$0.00$369.91$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$299.27$299.27$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,175.56$5,545.47$5,230.75
Cash to close$72,330$34,950$69,900