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$60,245$60,245$576,000
Remaining term (yrs)6.06.030.0
Secondary amount$0$515,755$0
Funding fee$0$0$0
Note rate5.980%5.980%7.400%
Blended rate6.830%7.654%7.640%
1st payment$975.44$975.44$3,988.11
2nd payment$0.00$3,330.92$0.00
Taxes / mo$533.33$533.33$533.33
Insurance / mo$166.67$166.67$166.67
MI / mo$115.49$115.49$115.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,790.93$5,121.85$4,803.31
Cash to close$579,755$64,000$64,000