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$669,157$669,157$778,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$109,343$0
Funding fee$0$0$0
Note rate2.770%2.770%7.320%
Blended rate3.620%4.235%7.560%
1st payment$3,079.54$3,079.54$5,347.75
2nd payment$0.00$728.95$0.00
Taxes / mo$720.83$720.83$720.83
Insurance / mo$216.67$216.67$216.67
MI / mo$532.94$532.94$155.70
HOA / mo$130.00$130.00$130.00
Total monthly$4,679.99$5,408.94$6,570.95
Cash to close$195,843$86,500$86,500