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$21,515$21,515$589,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$567,985$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.733%7.640%
1st payment$149.29$149.29$4,081.58
2nd payment$0.00$3,668.24$0.00
Taxes / mo$240.75$240.75$240.75
Insurance / mo$166.67$166.67$166.67
MI / mo$10.20$10.20$117.90
HOA / mo$0.00$0.00$0.00
Total monthly$566.90$4,235.14$4,606.90
Cash to close$633,485$65,500$65,500