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$733,901$733,901$828,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$94,099$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.405%7.640%
1st payment$4,781.42$4,781.42$5,732.90
2nd payment$0.00$705.74$0.00
Taxes / mo$766.67$766.67$766.67
Insurance / mo$216.67$216.67$216.67
MI / mo$341.37$341.37$165.60
HOA / mo$350.00$350.00$350.00
Total monthly$6,456.12$7,161.87$7,231.84
Cash to close$186,099$92,000$92,000