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$615,250$615,250$638,910
Remaining term (yrs)28.328.330.0
Secondary amount$0$59,155$0
Funding fee$0$0$0
Note rate6.930%6.930%7.320%
Blended rate7.480%7.866%7.560%
1st payment$4,133.16$4,133.16$4,388.87
2nd payment$0.00$585.39$0.00
Taxes / mo$652.00$652.00$652.00
Insurance / mo$216.67$216.67$216.67
MI / mo$286.76$286.76$127.78
HOA / mo$0.00$0.00$0.00
Total monthly$5,288.59$5,873.98$5,385.32
Cash to close$94,650$35,495$70,990