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$78,869$78,869$625,500
Remaining term (yrs)6.36.330.0
Secondary amount$0$546,631$0
Funding fee$0$0$0
Note rate3.200%3.200%7.320%
Blended rate4.050%7.283%7.560%
1st payment$1,134.39$1,134.39$4,296.75
2nd payment$0.00$3,530.32$0.00
Taxes / mo$593.42$593.42$593.42
Insurance / mo$166.67$166.67$166.67
MI / mo$114.75$114.75$125.10
HOA / mo$800.00$800.00$800.00
Total monthly$2,809.22$6,339.55$5,981.93
Cash to close$616,131$69,500$69,500