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$525,874$525,874$720,000
Remaining term (yrs)29.329.330.0
Secondary amount$0$194,126$0
Funding fee$0$0$0
Note rate6.300%6.300%7.240%
Blended rate6.850%7.160%7.480%
1st payment$3,273.72$3,273.72$4,906.79
2nd payment$0.00$1,294.17$0.00
Taxes / mo$666.67$666.67$666.67
Insurance / mo$216.67$216.67$216.67
MI / mo$242.41$242.41$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$4,399.47$5,693.64$5,934.12
Cash to close$274,126$80,000$80,000