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$24,775$24,775$673,200
Remaining term (yrs)21.321.330.0
Secondary amount$0$648,425$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%7.611%7.640%
1st payment$132.16$132.16$4,661.10
2nd payment$0.00$4,187.75$0.00
Taxes / mo$623.33$623.33$623.33
Insurance / mo$216.67$216.67$216.67
MI / mo$20.01$20.01$134.64
HOA / mo$0.00$0.00$0.00
Total monthly$992.18$5,179.92$5,635.74
Cash to close$723,225$74,800$74,800