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$701,574$701,574$1,080,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$378,426$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.139%7.640%
1st payment$3,261.12$3,261.12$7,477.70
2nd payment$0.00$2,444.00$0.00
Taxes / mo$1,000.00$1,000.00$1,000.00
Insurance / mo$216.67$216.67$216.67
MI / mo$556.40$556.40$216.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,034.19$7,478.19$8,910.37
Cash to close$498,426$120,000$120,000