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$81,420$81,420$719,100
Remaining term (yrs)16.116.130.0
Secondary amount$0$637,680$0
Funding fee$0$0$0
Note rate3.390%3.390%7.320%
Blended rate4.240%7.353%7.560%
1st payment$543.63$543.63$4,939.72
2nd payment$0.00$4,118.35$0.00
Taxes / mo$265.75$265.75$265.75
Insurance / mo$216.67$216.67$216.67
MI / mo$86.94$86.94$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,112.98$5,231.33$5,565.95
Cash to close$717,580$79,900$79,900