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$639,474$639,474$648,000
Remaining term (yrs)28.128.130.0
Secondary amount$0$44,526$0
Funding fee$0$0$0
Note rate6.440%6.440%7.400%
Blended rate6.990%7.308%7.640%
1st payment$4,099.83$4,099.83$4,486.62
2nd payment$0.00$440.62$0.00
Taxes / mo$600.00$600.00$600.00
Insurance / mo$216.67$216.67$216.67
MI / mo$299.16$299.16$129.60
HOA / mo$0.00$0.00$0.00
Total monthly$5,215.65$5,656.27$5,432.89
Cash to close$80,526$36,000$72,000