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$702,812$702,812$944,100
Remaining term (yrs)26.626.630.0
Secondary amount$0$241,288$0
Funding fee$0$0$0
Note rate5.625%5.625%7.400%
Blended rate6.175%6.578%7.640%
1st payment$4,239.22$4,239.22$6,536.76
2nd payment$0.00$1,558.32$0.00
Taxes / mo$231.50$231.50$231.50
Insurance / mo$216.67$216.67$216.67
MI / mo$337.52$337.52$188.82
HOA / mo$0.00$0.00$0.00
Total monthly$5,024.91$6,583.23$7,173.74
Cash to close$346,188$104,900$104,900