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$716,450$716,450$765,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$48,550$0
Funding fee$0$0$0
Note rate6.390%6.390%7.400%
Blended rate6.940%7.071%7.640%
1st payment$4,662.85$4,662.85$5,296.71
2nd payment$0.00$364.12$0.00
Taxes / mo$340.75$340.75$340.75
Insurance / mo$216.67$216.67$216.67
MI / mo$342.02$342.02$153.00
HOA / mo$55.00$55.00$55.00
Total monthly$5,617.29$5,981.42$6,062.12
Cash to close$133,550$85,000$85,000