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$657,592$657,592$810,000
Remaining term (yrs)26.326.330.0
Secondary amount$0$152,408$0
Funding fee$0$0$0
Note rate5.750%5.750%7.240%
Blended rate6.300%6.620%7.480%
1st payment$4,038.32$4,038.32$5,520.13
2nd payment$0.00$1,016.05$0.00
Taxes / mo$482.25$482.25$482.25
Insurance / mo$216.67$216.67$216.67
MI / mo$317.17$317.17$162.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,054.41$6,070.46$6,381.05
Cash to close$242,408$90,000$90,000