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$33,314$33,314$697,410
Remaining term (yrs)23.723.730.0
Secondary amount$0$664,096$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%7.664%7.640%
1st payment$201.49$201.49$4,828.73
2nd payment$0.00$4,288.96$0.00
Taxes / mo$258.66$258.66$258.66
Insurance / mo$216.67$216.67$216.67
MI / mo$25.50$25.50$139.48
HOA / mo$0.00$0.00$0.00
Total monthly$702.32$4,991.28$5,443.53
Cash to close$741,586$77,490$77,490