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$73,581$73,581$530,100
Remaining term (yrs)19.819.830.0
Secondary amount$0$456,519$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%7.291%7.640%
1st payment$431.38$431.38$3,670.31
2nd payment$0.00$2,948.35$0.00
Taxes / mo$490.83$490.83$490.83
Insurance / mo$166.67$166.67$166.67
MI / mo$67.29$67.29$106.02
HOA / mo$470.00$470.00$470.00
Total monthly$1,626.17$4,574.53$4,903.83
Cash to close$515,419$58,900$58,900