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$5,137$5,137$652,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$647,363$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%7.718%7.640%
1st payment$23.80$23.80$4,517.78
2nd payment$0.00$4,180.88$0.00
Taxes / mo$604.17$604.17$604.17
Insurance / mo$216.67$216.67$216.67
MI / mo$4.07$4.07$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$848.70$5,029.58$5,469.11
Cash to close$719,863$72,500$72,500