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$734,523$734,523$1,170,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$435,477$0
Funding fee$0$0$0
Note rate6.100%6.100%7.320%
Blended rate6.650%7.059%7.560%
1st payment$4,477.74$4,477.74$8,037.09
2nd payment$0.00$2,812.46$0.00
Taxes / mo$1,083.33$1,083.33$1,083.33
Insurance / mo$216.67$216.67$216.67
MI / mo$338.67$338.67$234.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,116.41$8,928.87$9,571.09
Cash to close$565,477$130,000$130,000