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$741,365$741,365$899,910
Remaining term (yrs)26.126.130.0
Secondary amount$0$158,545$0
Funding fee$0$0$0
Note rate6.940%6.940%7.240%
Blended rate7.790%7.827%7.480%
1st payment$5,120.05$5,120.05$6,132.87
2nd payment$0.00$1,056.96$0.00
Taxes / mo$833.25$833.25$833.25
Insurance / mo$216.67$216.67$216.67
MI / mo$548.44$548.44$179.98
HOA / mo$0.00$0.00$0.00
Total monthly$6,718.40$7,775.37$7,362.77
Cash to close$258,535$99,990$99,990