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$15,846$15,846$530,100
Remaining term (yrs)1.01.030.0
Secondary amount$0$514,254$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%7.656%7.640%
1st payment$1,158.56$1,158.56$3,670.31
2nd payment$0.00$3,321.22$0.00
Taxes / mo$289.17$289.17$289.17
Insurance / mo$166.67$166.67$166.67
MI / mo$112.85$112.85$106.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,727.24$5,048.46$4,232.16
Cash to close$573,154$58,900$58,900