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$38,766$38,766$702,000
Remaining term (yrs)22.422.430.0
Secondary amount$0$663,234$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%7.520%7.560%
1st payment$191.81$191.81$4,822.25
2nd payment$0.00$4,283.39$0.00
Taxes / mo$650.00$650.00$650.00
Insurance / mo$216.67$216.67$216.67
MI / mo$31.89$31.89$140.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,090.36$5,373.75$5,829.32
Cash to close$741,234$78,000$78,000