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$697,041$697,041$809,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$112,059$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.468%7.640%
1st payment$3,301.66$3,301.66$5,602.04
2nd payment$0.00$747.06$0.00
Taxes / mo$749.17$749.17$749.17
Insurance / mo$216.67$216.67$216.67
MI / mo$551.18$551.18$161.82
HOA / mo$78.00$78.00$78.00
Total monthly$4,896.67$5,643.73$6,807.70
Cash to close$201,959$89,900$89,900