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$771,717$771,717$1,215,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$443,283$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.273%7.640%
1st payment$3,667.79$3,667.79$8,412.41
2nd payment$0.00$2,862.87$0.00
Taxes / mo$1,125.00$1,125.00$1,125.00
Insurance / mo$216.67$216.67$216.67
MI / mo$616.22$616.22$243.00
HOA / mo$0.00$0.00$0.00
Total monthly$5,625.68$8,488.55$9,997.08
Cash to close$578,283$135,000$135,000