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$708,942$708,942$751,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$42,558$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.302%7.640%
1st payment$4,742.23$4,742.23$5,203.23
2nd payment$0.00$319.18$0.00
Taxes / mo$537.83$537.83$537.83
Insurance / mo$216.67$216.67$216.67
MI / mo$338.57$338.57$150.30
HOA / mo$82.00$82.00$82.00
Total monthly$5,917.30$6,236.48$6,190.03
Cash to close$126,058$83,500$83,500