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$614,090$614,090$607,410
Remaining term (yrs)29.029.030.0
Secondary amount$0$27,065$0
Funding fee$0$0$0
Note rate6.260%6.260%7.400%
Blended rate6.810%7.024%7.640%
1st payment$3,822.11$3,822.11$4,205.58
2nd payment$0.00$267.83$0.00
Taxes / mo$299.50$299.50$299.50
Insurance / mo$166.67$166.67$166.67
MI / mo$284.21$284.21$121.48
HOA / mo$90.00$90.00$90.00
Total monthly$4,662.49$4,930.32$4,883.23
Cash to close$60,810$33,745$67,490