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$0$0$513,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$513,000$0
Funding fee$0$0$0
Note rate6.500%6.500%7.320%
Blended rate7.050%7.750%7.560%
1st payment$0.00$0.00$3,523.95
2nd payment$0.00$3,313.13$0.00
Taxes / mo$134.17$134.17$134.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$0.00$0.00$0.00
Total monthly$300.83$3,613.96$3,927.39
Cash to close$570,000$57,000$57,000