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$696,985$696,985$688,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$29,765$0
Funding fee$0$0$0
Note rate6.490%6.490%7.400%
Blended rate7.040%7.238%7.640%
1st payment$4,500.38$4,500.38$4,767.03
2nd payment$0.00$294.55$0.00
Taxes / mo$267.33$267.33$267.33
Insurance / mo$216.67$216.67$216.67
MI / mo$326.68$326.68$137.70
HOA / mo$0.00$0.00$0.00
Total monthly$5,311.06$5,605.61$5,388.73
Cash to close$68,015$38,250$76,500