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$582,615$582,615$693,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$110,385$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%6.857%7.640%
1st payment$3,695.66$3,695.66$4,798.19
2nd payment$0.00$735.90$0.00
Taxes / mo$233.42$233.42$233.42
Insurance / mo$216.67$216.67$216.67
MI / mo$279.81$279.81$138.60
HOA / mo$25.00$25.00$25.00
Total monthly$4,450.55$5,186.45$5,411.88
Cash to close$187,385$77,000$77,000