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$97,864$97,864$629,100
Remaining term (yrs)20.320.330.0
Secondary amount$0$531,236$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%7.216%7.640%
1st payment$558.06$558.06$4,355.76
2nd payment$0.00$3,430.90$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$88.36$88.36$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,395.59$4,826.49$5,230.75
Cash to close$601,136$69,900$69,900