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$588,813$588,813$648,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$59,187$0
Funding fee$0$0$0
Note rate0.000%0.000%7.320%
Blended rate0.550%1.322%7.560%
1st payment$1,635.59$1,635.59$4,451.31
2nd payment$0.00$443.90$0.00
Taxes / mo$600.00$600.00$600.00
Insurance / mo$216.67$216.67$216.67
MI / mo$269.87$269.87$129.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,722.13$3,166.03$5,397.58
Cash to close$131,187$72,000$72,000