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$661,286$661,286$898,200
Remaining term (yrs)26.426.430.0
Secondary amount$0$236,914$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%6.955%7.640%
1st payment$4,201.79$4,201.79$6,218.96
2nd payment$0.00$1,530.07$0.00
Taxes / mo$831.67$831.67$831.67
Insurance / mo$216.67$216.67$216.67
MI / mo$317.12$317.12$179.64
HOA / mo$0.00$0.00$0.00
Total monthly$5,567.24$7,097.31$7,446.93
Cash to close$336,714$99,800$99,800