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$649,524$649,524$674,100
Remaining term (yrs)29.129.130.0
Secondary amount$0$62,026$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%7.215%7.640%
1st payment$4,021.83$4,021.83$4,667.33
2nd payment$0.00$613.80$0.00
Taxes / mo$624.17$624.17$624.17
Insurance / mo$216.67$216.67$216.67
MI / mo$300.33$300.33$134.82
HOA / mo$310.08$310.08$310.08
Total monthly$5,473.08$6,086.88$5,953.07
Cash to close$99,476$37,450$74,900