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$67,467$67,467$629,100
Remaining term (yrs)28.428.430.0
Secondary amount$0$561,633$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.240%7.695%7.640%
1st payment$441.74$441.74$4,355.76
2nd payment$0.00$3,627.22$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$31.41$31.41$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,222.32$4,849.53$5,230.75
Cash to close$631,533$69,900$69,900