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$102,746$102,746$629,100
Remaining term (yrs)22.222.230.0
Secondary amount$0$526,354$0
Funding fee$0$0$0
Note rate4.870%4.870%7.400%
Blended rate5.720%7.418%7.640%
1st payment$629.65$629.65$4,355.76
2nd payment$0.00$3,399.37$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$84.32$84.32$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,463.14$4,862.50$5,230.75
Cash to close$596,254$69,900$69,900