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$19,195$19,195$508,500
Remaining term (yrs)21.521.530.0
Secondary amount$0$489,305$0
Funding fee$0$0$0
Note rate5.800%5.800%7.320%
Blended rate6.350%7.697%7.560%
1st payment$129.84$129.84$3,493.04
2nd payment$0.00$3,160.10$0.00
Taxes / mo$507.67$507.67$507.67
Insurance / mo$166.67$166.67$166.67
MI / mo$9.41$9.41$101.70
HOA / mo$0.00$0.00$0.00
Total monthly$813.59$3,973.68$4,269.08
Cash to close$545,805$56,500$56,500