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$725,929$725,929$846,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$120,071$0
Funding fee$0$0$0
Note rate6.610%6.610%7.400%
Blended rate7.160%7.279%7.640%
1st payment$4,783.67$4,783.67$5,857.53
2nd payment$0.00$800.47$0.00
Taxes / mo$783.33$783.33$783.33
Insurance / mo$216.67$216.67$216.67
MI / mo$342.95$342.95$169.20
HOA / mo$0.00$0.00$0.00
Total monthly$6,126.61$6,927.09$7,026.73
Cash to close$214,071$94,000$94,000