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$220,293$220,293$639,000
Remaining term (yrs)7.57.530.0
Secondary amount$0$418,707$0
Funding fee$0$0$0
Note rate3.720%3.720%7.320%
Blended rate4.570%6.654%7.560%
1st payment$2,755.84$2,755.84$4,389.49
2nd payment$0.00$2,704.15$0.00
Taxes / mo$591.67$591.67$591.67
Insurance / mo$216.67$216.67$216.67
MI / mo$268.98$268.98$127.80
HOA / mo$0.00$0.00$0.00
Total monthly$3,833.15$6,537.30$5,325.62
Cash to close$489,707$71,000$71,000