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$658,980$658,980$863,550
Remaining term (yrs)27.627.630.0
Secondary amount$0$204,570$0
Funding fee$0$0$0
Note rate7.100%7.100%7.400%
Blended rate7.650%7.674%7.640%
1st payment$4,534.91$4,534.91$5,979.05
2nd payment$0.00$1,321.18$0.00
Taxes / mo$269.00$269.00$269.00
Insurance / mo$216.67$216.67$216.67
MI / mo$309.29$309.29$172.71
HOA / mo$115.00$115.00$115.00
Total monthly$5,444.86$6,766.05$6,752.42
Cash to close$300,520$95,950$95,950