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$16,363$16,363$539,991
Remaining term (yrs)18.918.930.0
Secondary amount$0$523,628$0
Funding fee$0$0$0
Note rate6.570%6.570%7.320%
Blended rate7.120%7.731%7.560%
1st payment$125.82$125.82$3,709.36
2nd payment$0.00$3,381.76$0.00
Taxes / mo$324.17$324.17$324.17
Insurance / mo$166.67$166.67$166.67
MI / mo$8.04$8.04$108.00
HOA / mo$38.33$38.33$38.33
Total monthly$663.02$4,044.79$4,346.53
Cash to close$583,627$59,999$59,999