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$6,969$6,969$584,730
Remaining term (yrs)17.017.030.0
Secondary amount$0$577,761$0
Funding fee$0$0$0
Note rate3.375%3.375%7.400%
Blended rate4.225%7.708%7.640%
1st payment$44.78$44.78$4,048.55
2nd payment$0.00$3,731.37$0.00
Taxes / mo$314.17$314.17$314.17
Insurance / mo$166.67$166.67$166.67
MI / mo$6.08$6.08$116.95
HOA / mo$0.00$0.00$0.00
Total monthly$531.70$4,263.07$4,646.33
Cash to close$642,731$64,970$64,970