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$586,989$586,989$584,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$30,416$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%4.768%7.640%
1st payment$2,912.56$2,912.56$4,049.80
2nd payment$0.00$301.00$0.00
Taxes / mo$541.58$541.58$541.58
Insurance / mo$166.67$166.67$166.67
MI / mo$456.59$456.59$116.98
HOA / mo$437.00$437.00$437.00
Total monthly$4,514.40$4,815.40$5,312.03
Cash to close$62,911$32,495$64,990