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$11,475$11,475$598,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$587,025$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.743%7.640%
1st payment$78.75$78.75$4,143.89
2nd payment$0.00$3,791.20$0.00
Taxes / mo$554.17$554.17$554.17
Insurance / mo$166.67$166.67$166.67
MI / mo$5.34$5.34$119.70
HOA / mo$0.00$0.00$0.00
Total monthly$804.92$4,596.13$4,984.43
Cash to close$653,525$66,500$66,500