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$9,324$9,324$612,000
Remaining term (yrs)18.718.730.0
Secondary amount$0$602,676$0
Funding fee$0$0$0
Note rate3.240%3.240%7.320%
Blended rate4.090%7.694%7.560%
1st payment$55.17$55.17$4,204.02
2nd payment$0.00$3,892.28$0.00
Taxes / mo$339.42$339.42$339.42
Insurance / mo$166.67$166.67$166.67
MI / mo$8.03$8.03$122.40
HOA / mo$1.08$1.08$1.08
Total monthly$570.36$4,462.64$4,833.58
Cash to close$670,676$68,000$68,000