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$714,449$714,449$945,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$230,551$0
Funding fee$0$0$0
Note rate6.780%6.780%7.400%
Blended rate7.330%7.432%7.640%
1st payment$4,742.98$4,742.98$6,542.99
2nd payment$0.00$1,488.97$0.00
Taxes / mo$875.00$875.00$875.00
Insurance / mo$216.67$216.67$216.67
MI / mo$334.14$334.14$189.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,168.78$7,657.75$7,823.66
Cash to close$335,551$105,000$105,000