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$425,520$425,520$720,000
Remaining term (yrs)18.018.030.0
Secondary amount$0$294,480$0
Funding fee$0$0$0
Note rate6.120%6.120%7.400%
Blended rate6.670%7.112%7.640%
1st payment$3,238.53$3,238.53$4,985.13
2nd payment$0.00$1,901.85$0.00
Taxes / mo$206.00$206.00$206.00
Insurance / mo$216.67$216.67$216.67
MI / mo$205.20$205.20$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,866.40$5,768.25$5,551.80
Cash to close$374,480$80,000$80,000