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$695,212$695,212$1,242,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$546,788$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.500%7.640%
1st payment$3,231.55$3,231.55$8,599.36
2nd payment$0.00$3,531.34$0.00
Taxes / mo$1,150.00$1,150.00$1,150.00
Insurance / mo$216.67$216.67$216.67
MI / mo$551.36$551.36$248.40
HOA / mo$0.00$0.00$0.00
Total monthly$5,149.57$8,680.91$10,214.42
Cash to close$684,788$138,000$138,000