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$28,061$28,061$629,999
Remaining term (yrs)26.426.430.0
Secondary amount$0$601,938$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.725%7.640%
1st payment$187.53$187.53$4,361.99
2nd payment$0.00$3,887.52$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$13.26$13.26$126.00
HOA / mo$165.00$165.00$165.00
Total monthly$1,115.78$5,003.30$5,402.99
Cash to close$671,938$70,000$70,000