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$630,641$630,641$629,910
Remaining term (yrs)29.129.130.0
Secondary amount$0$34,264$0
Funding fee$0$0$0
Note rate6.190%6.190%7.400%
Blended rate6.740%7.005%7.640%
1st payment$3,892.72$3,892.72$4,361.37
2nd payment$0.00$339.07$0.00
Taxes / mo$583.25$583.25$583.25
Insurance / mo$166.67$166.67$166.67
MI / mo$291.62$291.62$125.98
HOA / mo$103.00$103.00$103.00
Total monthly$5,037.25$5,376.32$5,340.27
Cash to close$69,259$34,995$69,990