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$646,775$646,775$782,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$135,325$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.412%7.640%
1st payment$3,802.05$3,802.05$5,415.10
2nd payment$0.00$902.17$0.00
Taxes / mo$724.17$724.17$724.17
Insurance / mo$216.67$216.67$216.67
MI / mo$488.80$488.80$156.42
HOA / mo$0.00$0.00$0.00
Total monthly$5,231.68$6,133.85$6,512.36
Cash to close$222,225$86,900$86,900