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$107,701$107,701$720,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$612,299$0
Funding fee$0$0$0
Note rate4.220%4.220%7.400%
Blended rate5.070%7.349%7.640%
1st payment$634.25$634.25$4,985.13
2nd payment$0.00$3,954.43$0.00
Taxes / mo$666.67$666.67$666.67
Insurance / mo$216.67$216.67$216.67
MI / mo$91.65$91.65$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,609.24$5,563.66$6,012.47
Cash to close$692,299$80,000$80,000