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$116,582$116,582$674,100
Remaining term (yrs)29.529.530.0
Secondary amount$0$557,518$0
Funding fee$0$0$0
Note rate6.460%6.460%7.400%
Blended rate7.010%7.622%7.640%
1st payment$736.52$736.52$4,667.33
2nd payment$0.00$3,600.64$0.00
Taxes / mo$624.17$624.17$624.17
Insurance / mo$216.67$216.67$216.67
MI / mo$53.63$53.63$134.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,630.98$5,231.62$5,642.99
Cash to close$632,418$74,900$74,900