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$677,732$677,732$746,899
Remaining term (yrs)24.424.430.0
Secondary amount$0$69,167$0
Funding fee$0$0$0
Note rate2.850%2.850%7.400%
Blended rate3.700%4.191%7.640%
1st payment$3,198.04$3,198.04$5,171.38
2nd payment$0.00$518.75$0.00
Taxes / mo$691.57$691.57$691.57
Insurance / mo$216.67$216.67$216.67
MI / mo$547.75$547.75$149.38
HOA / mo$0.00$0.00$0.00
Total monthly$4,654.03$5,172.79$6,229.00
Cash to close$152,156$82,989$82,989