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$40,613$40,613$652,500
Remaining term (yrs)5.05.030.0
Secondary amount$0$611,887$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.490%7.734%7.640%
1st payment$775.62$775.62$4,517.78
2nd payment$0.00$3,951.77$0.00
Taxes / mo$604.17$604.17$604.17
Insurance / mo$216.67$216.67$216.67
MI / mo$85.67$85.67$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,682.12$5,633.89$5,469.11
Cash to close$684,387$72,500$72,500