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$628,647$628,647$972,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$343,353$0
Funding fee$0$0$0
Note rate6.610%6.610%7.400%
Blended rate7.460%7.562%7.640%
1st payment$4,203.69$4,203.69$6,729.93
2nd payment$0.00$2,217.49$0.00
Taxes / mo$278.42$278.42$278.42
Insurance / mo$216.67$216.67$216.67
MI / mo$465.75$465.75$194.40
HOA / mo$0.00$0.00$0.00
Total monthly$5,164.52$7,382.01$7,419.41
Cash to close$451,353$108,000$108,000