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$56,661$56,661$674,910
Remaining term (yrs)16.416.430.0
Secondary amount$0$618,249$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%7.469%7.640%
1st payment$377.13$377.13$4,672.94
2nd payment$0.00$3,992.86$0.00
Taxes / mo$624.92$624.92$624.92
Insurance / mo$216.67$216.67$216.67
MI / mo$47.40$47.40$134.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,266.11$5,258.97$5,649.51
Cash to close$693,239$74,990$74,990