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$111,368$111,368$578,700
Remaining term (yrs)16.016.030.0
Secondary amount$0$467,332$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%7.113%7.640%
1st payment$757.51$757.51$4,006.80
2nd payment$0.00$3,018.18$0.00
Taxes / mo$535.83$535.83$535.83
Insurance / mo$166.67$166.67$166.67
MI / mo$118.17$118.17$115.74
HOA / mo$0.00$0.00$0.00
Total monthly$1,578.18$4,596.36$4,825.04
Cash to close$531,632$64,300$64,300