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$34,376$34,376$675,000
Remaining term (yrs)1.71.730.0
Secondary amount$0$640,624$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%7.551%7.560%
1st payment$1,607.84$1,607.84$4,636.78
2nd payment$0.00$4,137.37$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$164.92$164.92$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,614.42$6,751.79$5,613.45
Cash to close$715,624$75,000$75,000