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$779,443$779,443$990,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$210,557$0
Funding fee$0$0$0
Note rate3.380%3.380%7.320%
Blended rate4.230%4.979%7.560%
1st payment$3,804.05$3,804.05$6,800.61
2nd payment$0.00$1,359.85$0.00
Taxes / mo$916.67$916.67$916.67
Insurance / mo$216.67$216.67$216.67
MI / mo$609.11$609.11$198.00
HOA / mo$65.00$65.00$65.00
Total monthly$5,611.50$6,971.35$8,196.95
Cash to close$320,557$110,000$110,000