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$560,810$560,810$675,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$114,190$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%4.643%7.640%
1st payment$2,662.46$2,662.46$4,673.56
2nd payment$0.00$761.27$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$441.09$441.09$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,945.21$4,706.48$5,650.23
Cash to close$189,190$75,000$75,000