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$115,106$115,106$697,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$582,394$0
Funding fee$0$0$0
Note rate3.120%3.120%7.400%
Blended rate3.970%7.126%7.640%
1st payment$548.25$548.25$4,829.35
2nd payment$0.00$3,761.29$0.00
Taxes / mo$645.83$645.83$645.83
Insurance / mo$216.67$216.67$216.67
MI / mo$90.71$90.71$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,501.47$5,262.76$5,831.35
Cash to close$659,894$77,500$77,500