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$625,737$625,737$643,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$53,513$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.845%7.640%
1st payment$4,236.09$4,236.09$4,455.46
2nd payment$0.00$529.56$0.00
Taxes / mo$306.83$306.83$306.83
Insurance / mo$216.67$216.67$216.67
MI / mo$293.31$293.31$128.70
HOA / mo$70.00$70.00$70.00
Total monthly$5,122.90$5,652.46$5,177.66
Cash to close$89,263$35,750$71,500