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$669,482$669,482$719,998
Remaining term (yrs)26.926.930.0
Secondary amount$0$50,516$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.615%7.640%
1st payment$4,587.35$4,587.35$4,985.12
2nd payment$0.00$378.87$0.00
Taxes / mo$666.67$666.67$666.67
Insurance / mo$216.67$216.67$216.67
MI / mo$317.31$317.31$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,787.99$6,166.86$6,012.45
Cash to close$130,516$80,000$80,000