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$641,522$641,522$782,910
Remaining term (yrs)29.529.530.0
Secondary amount$0$141,388$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate6.770%6.992%7.640%
1st payment$3,952.66$3,952.66$5,420.71
2nd payment$0.00$942.58$0.00
Taxes / mo$724.92$724.92$724.92
Insurance / mo$216.67$216.67$216.67
MI / mo$295.17$295.17$156.58
HOA / mo$0.00$0.00$0.00
Total monthly$5,189.41$6,132.00$6,518.88
Cash to close$228,378$86,990$86,990