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$13,041$13,041$508,452
Remaining term (yrs)21.421.430.0
Secondary amount$0$495,411$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.739%7.640%
1st payment$95.84$95.84$3,520.42
2nd payment$0.00$3,199.53$0.00
Taxes / mo$430.92$430.92$430.92
Insurance / mo$166.67$166.67$166.67
MI / mo$6.14$6.14$101.69
HOA / mo$108.33$108.33$108.33
Total monthly$807.89$4,007.42$4,328.02
Cash to close$551,906$56,495$56,495