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$62,369$62,369$630,000
Remaining term (yrs)5.05.030.0
Secondary amount$0$567,631$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%7.752%7.640%
1st payment$1,199.34$1,199.34$4,361.99
2nd payment$0.00$3,665.95$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$128.73$128.73$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,078.07$5,744.02$5,237.99
Cash to close$637,631$70,000$70,000