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$38,458$38,458$834,498
Remaining term (yrs)7.47.430.0
Secondary amount$0$796,040$0
Funding fee$0$0$0
Note rate6.380%6.380%7.320%
Blended rate7.230%7.726%7.560%
1st payment$538.79$538.79$5,732.42
2nd payment$0.00$5,141.09$0.00
Taxes / mo$64.95$64.95$64.95
Insurance / mo$216.67$216.67$216.67
MI / mo$61.14$61.14$166.90
HOA / mo$0.00$0.00$0.00
Total monthly$881.54$6,022.63$6,180.94
Cash to close$888,762$92,722$92,722