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$8,015$8,015$697,500
Remaining term (yrs)20.120.130.0
Secondary amount$0$689,485$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%7.704%7.640%
1st payment$43.65$43.65$4,829.35
2nd payment$0.00$4,452.93$0.00
Taxes / mo$631.75$631.75$631.75
Insurance / mo$216.67$216.67$216.67
MI / mo$6.77$6.77$139.50
HOA / mo$110.00$110.00$110.00
Total monthly$1,008.83$5,461.76$5,927.27
Cash to close$766,985$77,500$77,500