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$584,100
Remaining term (yrs)29.529.530.0
Secondary amount$0$574,139$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$4,012.36
2nd payment$0.00$3,707.98$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$4.58$4.58$116.82
HOA / mo$590.00$590.00$590.00
Total monthly$1,362.68$5,070.67$5,426.68
Cash to close$639,039$64,900$64,900