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$705,936$705,936$738,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$32,064$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%6.991%7.560%
1st payment$4,494.61$4,494.61$5,069.55
2nd payment$0.00$240.48$0.00
Taxes / mo$683.33$683.33$683.33
Insurance / mo$216.67$216.67$216.67
MI / mo$331.07$331.07$147.60
HOA / mo$56.00$56.00$56.00
Total monthly$5,781.68$6,022.16$6,173.15
Cash to close$114,064$82,000$82,000