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$626,072$626,072$742,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$116,428$0
Funding fee$0$0$0
Note rate6.350%6.350%7.320%
Blended rate6.900%7.072%7.560%
1st payment$4,157.51$4,157.51$5,100.46
2nd payment$0.00$776.18$0.00
Taxes / mo$391.33$391.33$391.33
Insurance / mo$216.67$216.67$216.67
MI / mo$294.97$294.97$148.50
HOA / mo$98.50$98.50$98.50
Total monthly$5,158.98$5,935.17$5,955.46
Cash to close$198,928$82,500$82,500