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$667,239$667,239$760,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$93,261$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.544%7.640%
1st payment$4,508.21$4,508.21$5,265.55
2nd payment$0.00$699.46$0.00
Taxes / mo$704.17$704.17$704.17
Insurance / mo$216.67$216.67$216.67
MI / mo$317.27$317.27$152.10
HOA / mo$0.00$0.00$0.00
Total monthly$5,746.32$6,445.78$6,338.48
Cash to close$177,761$84,500$84,500