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$32,193$32,193$504,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$471,807$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.714%7.640%
1st payment$217.70$217.70$3,489.59
2nd payment$0.00$3,047.09$0.00
Taxes / mo$369.17$369.17$369.17
Insurance / mo$166.67$166.67$166.67
MI / mo$15.02$15.02$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$768.55$3,815.64$4,126.23
Cash to close$527,807$56,000$56,000