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$18,970$18,970$621,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$602,030$0
Funding fee$0$0$0
Note rate6.460%6.460%7.400%
Blended rate7.010%7.727%7.640%
1st payment$123.73$123.73$4,299.68
2nd payment$0.00$3,888.11$0.00
Taxes / mo$305.00$305.00$305.00
Insurance / mo$166.67$166.67$166.67
MI / mo$8.91$8.91$124.20
HOA / mo$0.00$0.00$0.00
Total monthly$604.31$4,492.42$4,895.55
Cash to close$671,030$69,000$69,000