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$17,791$17,791$584,100
Remaining term (yrs)7.07.030.0
Secondary amount$0$566,309$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%7.646%7.640%
1st payment$234.20$234.20$4,044.19
2nd payment$0.00$3,657.41$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$36.94$36.94$116.82
HOA / mo$586.00$586.00$586.00
Total monthly$1,564.64$5,222.06$5,454.51
Cash to close$631,209$64,900$64,900