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$636,446$636,446$944,100
Remaining term (yrs)27.427.430.0
Secondary amount$0$307,654$0
Funding fee$0$0$0
Note rate6.620%6.620%7.400%
Blended rate7.170%7.359%7.640%
1st payment$4,193.60$4,193.60$6,536.76
2nd payment$0.00$1,986.93$0.00
Taxes / mo$874.17$874.17$874.17
Insurance / mo$216.67$216.67$216.67
MI / mo$300.33$300.33$188.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,584.76$7,571.70$7,816.41
Cash to close$412,554$104,900$104,900