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$517,500
Remaining term (yrs)29.529.530.0
Secondary amount$0$517,500$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.750%7.640%
1st payment$0.00$0.00$3,583.07
2nd payment$0.00$3,342.19$0.00
Taxes / mo$930.75$930.75$930.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$86.67$86.67$86.67
Total monthly$1,184.09$4,526.27$4,870.65
Cash to close$575,000$57,500$57,500