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$651,314$651,314$764,100
Remaining term (yrs)28.628.630.0
Secondary amount$0$112,786$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.454%7.640%
1st payment$4,307.64$4,307.64$5,290.47
2nd payment$0.00$751.91$0.00
Taxes / mo$707.50$707.50$707.50
Insurance / mo$216.67$216.67$216.67
MI / mo$302.54$302.54$152.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,534.34$6,286.25$6,367.46
Cash to close$197,686$84,900$84,900