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$720,367$720,367$796,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$76,133$0
Funding fee$0$0$0
Note rate2.240%2.240%7.400%
Blended rate3.090%3.655%7.640%
1st payment$3,092.28$3,092.28$5,514.81
2nd payment$0.00$571.00$0.00
Taxes / mo$737.50$737.50$737.50
Insurance / mo$216.67$216.67$216.67
MI / mo$573.79$573.79$159.30
HOA / mo$0.00$0.00$0.00
Total monthly$4,620.24$5,191.24$6,628.27
Cash to close$164,633$88,500$88,500