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$668,208$668,208$787,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$119,292$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%4.309%7.640%
1st payment$3,085.47$3,085.47$5,452.49
2nd payment$0.00$795.28$0.00
Taxes / mo$729.17$729.17$729.17
Insurance / mo$216.67$216.67$216.67
MI / mo$531.90$531.90$157.50
HOA / mo$0.00$0.00$0.00
Total monthly$4,563.20$5,358.48$6,555.82
Cash to close$206,792$87,500$87,500