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$53,224$53,224$720,000
Remaining term (yrs)19.519.530.0
Secondary amount$0$666,776$0
Funding fee$0$0$0
Note rate3.640%3.640%7.320%
Blended rate4.490%7.509%7.560%
1st payment$316.13$316.13$4,945.90
2nd payment$0.00$4,306.26$0.00
Taxes / mo$93.58$93.58$93.58
Insurance / mo$216.67$216.67$216.67
MI / mo$49.01$49.01$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$675.39$4,981.65$5,400.15
Cash to close$746,776$80,000$80,000