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$622,822$622,822$850,500
Remaining term (yrs)27.727.730.0
Secondary amount$0$227,678$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.580%7.626%7.640%
1st payment$4,253.23$4,253.23$5,888.69
2nd payment$0.00$1,470.42$0.00
Taxes / mo$787.50$787.50$787.50
Insurance / mo$216.67$216.67$216.67
MI / mo$292.12$292.12$170.10
HOA / mo$42.00$42.00$42.00
Total monthly$5,591.53$7,061.95$7,104.96
Cash to close$322,178$94,500$94,500