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$113,428$113,428$643,500
Remaining term (yrs)37.537.530.0
Secondary amount$0$530,072$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.678%7.640%
1st payment$696.15$696.15$4,455.46
2nd payment$0.00$3,423.38$0.00
Taxes / mo$595.83$595.83$595.83
Insurance / mo$216.67$216.67$216.67
MI / mo$52.63$52.63$128.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,561.28$4,984.66$5,396.66
Cash to close$601,572$71,500$71,500