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$609,520$609,520$639,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$29,480$0
Funding fee$0$0$0
Note rate7.120%7.120%7.400%
Blended rate7.670%7.731%7.640%
1st payment$4,231.58$4,231.58$4,424.31
2nd payment$0.00$221.10$0.00
Taxes / mo$591.67$591.67$591.67
Insurance / mo$216.67$216.67$216.67
MI / mo$288.02$288.02$127.80
HOA / mo$0.00$0.00$0.00
Total monthly$5,327.93$5,549.04$5,360.44
Cash to close$100,480$71,000$71,000