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$631,795$631,795$652,500
Remaining term (yrs)27.627.630.0
Secondary amount$0$56,955$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.669%7.640%
1st payment$4,198.90$4,198.90$4,517.78
2nd payment$0.00$563.62$0.00
Taxes / mo$604.17$604.17$604.17
Insurance / mo$216.67$216.67$216.67
MI / mo$297.02$297.02$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$5,316.75$5,880.37$5,469.11
Cash to close$93,205$36,250$72,500