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$610,573$610,573$765,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$154,427$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%6.915%7.640%
1st payment$3,868.12$3,868.12$5,296.71
2nd payment$0.00$1,029.52$0.00
Taxes / mo$708.33$708.33$708.33
Insurance / mo$216.67$216.67$216.67
MI / mo$292.87$292.87$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,085.99$6,115.51$6,374.71
Cash to close$239,427$85,000$85,000