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$685,655$685,655$890,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$204,445$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%5.169%7.560%
1st payment$3,402.13$3,402.13$6,114.37
2nd payment$0.00$1,320.38$0.00
Taxes / mo$824.17$824.17$824.17
Insurance / mo$216.67$216.67$216.67
MI / mo$533.34$533.34$178.02
HOA / mo$0.00$0.00$0.00
Total monthly$4,976.31$6,296.68$7,333.22
Cash to close$303,345$98,900$98,900