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$93,136$93,136$697,500
Remaining term (yrs)4.74.730.0
Secondary amount$0$604,364$0
Funding fee$0$0$0
Note rate2.920%2.920%7.400%
Blended rate3.770%7.219%7.640%
1st payment$1,723.72$1,723.72$4,829.35
2nd payment$0.00$3,903.19$0.00
Taxes / mo$645.83$645.83$645.83
Insurance / mo$216.67$216.67$216.67
MI / mo$177.79$177.79$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,764.01$6,667.20$5,831.35
Cash to close$681,864$77,500$77,500