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$662,557$662,557$688,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$25,943$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.566%7.640%
1st payment$4,459.92$4,459.92$4,767.03
2nd payment$0.00$194.57$0.00
Taxes / mo$637.50$637.50$637.50
Insurance / mo$216.67$216.67$216.67
MI / mo$308.49$308.49$137.70
HOA / mo$80.00$80.00$80.00
Total monthly$5,702.58$5,897.15$5,838.90
Cash to close$102,443$76,500$76,500