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$625,710$625,710$737,999
Remaining term (yrs)24.724.730.0
Secondary amount$0$112,290$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%4.481%7.640%
1st payment$2,980.57$2,980.57$5,109.76
2nd payment$0.00$748.60$0.00
Taxes / mo$683.33$683.33$683.33
Insurance / mo$216.67$216.67$216.67
MI / mo$500.76$500.76$147.60
HOA / mo$0.00$0.00$0.00
Total monthly$4,381.33$5,129.93$6,157.36
Cash to close$194,289$82,000$82,000