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$502,740$502,740$720,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$217,260$0
Funding fee$0$0$0
Note rate6.600%6.600%7.400%
Blended rate7.150%7.331%7.640%
1st payment$3,268.67$3,268.67$4,985.13
2nd payment$0.00$1,403.14$0.00
Taxes / mo$263.83$263.83$263.83
Insurance / mo$216.67$216.67$216.67
MI / mo$234.58$234.58$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,983.74$5,386.88$5,609.63
Cash to close$297,260$80,000$80,000