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$5,166$5,166$531,000
Remaining term (yrs)0.40.430.0
Secondary amount$0$525,834$0
Funding fee$0$0$0
Note rate7.840%7.840%7.400%
Blended rate8.690%7.759%7.640%
1st payment$757.37$757.37$3,676.54
2nd payment$0.00$3,396.01$0.00
Taxes / mo$491.67$491.67$491.67
Insurance / mo$166.67$166.67$166.67
MI / mo$74.24$74.24$106.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,489.94$4,885.96$4,441.07
Cash to close$584,834$59,000$59,000