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$71,323$71,323$512,100
Remaining term (yrs)20.420.430.0
Secondary amount$0$440,777$0
Funding fee$0$0$0
Note rate6.420%6.420%7.320%
Blended rate6.970%7.641%7.560%
1st payment$522.08$522.08$3,517.77
2nd payment$0.00$2,846.68$0.00
Taxes / mo$486.33$486.33$486.33
Insurance / mo$166.67$166.67$166.67
MI / mo$35.11$35.11$102.42
HOA / mo$58.00$58.00$58.00
Total monthly$1,268.19$4,114.87$4,331.19
Cash to close$497,677$56,900$56,900