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$699,979$699,979$764,100
Remaining term (yrs)27.727.730.0
Secondary amount$0$64,121$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.580%7.699%7.640%
1st payment$4,780.14$4,780.14$5,290.47
2nd payment$0.00$480.91$0.00
Taxes / mo$707.50$707.50$707.50
Insurance / mo$216.67$216.67$216.67
MI / mo$328.31$328.31$152.82
HOA / mo$195.00$195.00$195.00
Total monthly$6,227.62$6,708.53$6,562.46
Cash to close$149,021$84,900$84,900