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$16,369$16,369$603,000
Remaining term (yrs)1.41.430.0
Secondary amount$0$586,631$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.880%7.754%7.640%
1st payment$912.89$912.89$4,175.05
2nd payment$0.00$3,788.66$0.00
Taxes / mo$558.33$558.33$558.33
Insurance / mo$166.67$166.67$166.67
MI / mo$96.90$96.90$120.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,734.79$5,523.45$5,020.65
Cash to close$653,631$67,000$67,000