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$650,576$650,576$643,500
Remaining term (yrs)26.426.430.0
Secondary amount$0$28,674$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate5.800%6.056%7.640%
1st payment$3,792.60$3,792.60$4,455.46
2nd payment$0.00$283.75$0.00
Taxes / mo$287.75$287.75$287.75
Insurance / mo$216.67$216.67$216.67
MI / mo$314.79$314.79$128.70
HOA / mo$0.00$0.00$0.00
Total monthly$4,611.81$4,895.56$5,088.58
Cash to close$64,424$35,750$71,500