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$621,578$621,578$629,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$42,472$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.621%7.640%
1st payment$4,182.05$4,182.05$4,355.76
2nd payment$0.00$420.30$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$294.62$294.62$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,225.83$5,646.13$5,230.75
Cash to close$77,422$34,950$69,900