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$161,413$161,413$733,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$572,087$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%6.885%7.640%
1st payment$766.38$766.38$5,078.61
2nd payment$0.00$3,694.73$0.00
Taxes / mo$287.92$287.92$287.92
Insurance / mo$216.67$216.67$216.67
MI / mo$129.25$129.25$146.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,400.21$5,094.94$5,729.89
Cash to close$653,587$81,500$81,500