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$122,606$122,606$580,500
Remaining term (yrs)8.48.430.0
Secondary amount$0$457,894$0
Funding fee$0$0$0
Note rate5.630%5.630%7.320%
Blended rate6.480%7.482%7.560%
1st payment$1,503.77$1,503.77$3,987.63
2nd payment$0.00$2,957.23$0.00
Taxes / mo$358.42$358.42$358.42
Insurance / mo$166.67$166.67$166.67
MI / mo$184.93$184.93$116.10
HOA / mo$58.00$58.00$58.00
Total monthly$2,271.79$5,229.02$4,686.82
Cash to close$522,394$64,500$64,500