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$671,812$671,812$719,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$48,187$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.610%7.640%
1st payment$4,719.47$4,719.47$4,985.13
2nd payment$0.00$361.41$0.00
Taxes / mo$666.67$666.67$666.67
Insurance / mo$216.67$216.67$216.67
MI / mo$319.52$319.52$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,922.33$6,283.73$6,012.46
Cash to close$128,187$80,000$80,000