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$61,912$61,912$549,000
Remaining term (yrs)6.96.930.0
Secondary amount$0$487,088$0
Funding fee$0$0$0
Note rate4.500%4.500%7.320%
Blended rate5.350%7.479%7.560%
1st payment$860.58$860.58$3,771.25
2nd payment$0.00$3,145.78$0.00
Taxes / mo$508.33$508.33$508.33
Insurance / mo$166.67$166.67$166.67
MI / mo$120.31$120.31$109.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,655.89$4,801.67$4,556.05
Cash to close$548,088$61,000$61,000