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$35,916$35,916$522,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$486,084$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.674%7.640%
1st payment$222.47$222.47$3,614.22
2nd payment$0.00$3,139.29$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$16.84$16.84$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$889.32$4,028.61$4,368.62
Cash to close$544,084$58,000$58,000