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$8,104$8,104$526,410
Remaining term (yrs)23.323.330.0
Secondary amount$0$518,306$0
Funding fee$0$0$0
Note rate6.910%6.910%7.320%
Blended rate7.460%7.746%7.560%
1st payment$58.19$58.19$3,616.07
2nd payment$0.00$3,347.39$0.00
Taxes / mo$53.50$53.50$53.50
Insurance / mo$166.67$166.67$166.67
MI / mo$3.80$3.80$105.28
HOA / mo$0.00$0.00$0.00
Total monthly$282.17$3,629.56$3,941.52
Cash to close$576,796$58,490$58,490