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$21,293$21,293$553,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$532,207$0
Funding fee$0$0$0
Note rate5.100%5.100%7.400%
Blended rate5.950%7.681%7.640%
1st payment$125.93$125.93$3,832.32
2nd payment$0.00$3,437.17$0.00
Taxes / mo$512.50$512.50$512.50
Insurance / mo$166.67$166.67$166.67
MI / mo$16.19$16.19$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$821.28$4,258.46$4,622.19
Cash to close$593,707$61,500$61,500