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$9,961$9,961$584,910
Remaining term (yrs)29.529.530.0
Secondary amount$0$574,949$0
Funding fee$0$0$0
Note rate6.100%6.100%7.320%
Blended rate6.650%7.731%7.560%
1st payment$60.60$60.60$4,017.93
2nd payment$0.00$3,713.21$0.00
Taxes / mo$541.58$541.58$541.58
Insurance / mo$166.67$166.67$166.67
MI / mo$4.58$4.58$116.98
HOA / mo$590.00$590.00$590.00
Total monthly$1,363.43$5,076.65$5,433.16
Cash to close$639,939$64,990$64,990