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$597,628$597,628$625,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$27,872$0
Funding fee$0$0$0
Note rate3.200%3.200%7.400%
Blended rate4.050%4.271%7.640%
1st payment$2,989.42$2,989.42$4,330.84
2nd payment$0.00$209.04$0.00
Taxes / mo$579.17$579.17$579.17
Insurance / mo$166.67$166.67$166.67
MI / mo$489.63$489.63$125.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,224.89$4,433.93$5,201.77
Cash to close$97,372$69,500$69,500