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$675,450$675,450$742,500
Remaining term (yrs)26.826.830.0
Secondary amount$0$67,050$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.399%7.640%
1st payment$4,515.18$4,515.18$5,140.92
2nd payment$0.00$502.88$0.00
Taxes / mo$687.50$687.50$687.50
Insurance / mo$216.67$216.67$216.67
MI / mo$321.04$321.04$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$5,740.39$6,243.27$6,193.59
Cash to close$149,550$82,500$82,500