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$25,491$25,491$531,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$505,509$0
Funding fee$0$0$0
Note rate7.080%7.080%7.400%
Blended rate7.930%7.759%7.640%
1st payment$183.53$183.53$3,676.54
2nd payment$0.00$3,264.75$0.00
Taxes / mo$254.08$254.08$254.08
Insurance / mo$166.67$166.67$166.67
MI / mo$18.98$18.98$106.20
HOA / mo$2.50$2.50$2.50
Total monthly$625.76$3,890.51$4,205.99
Cash to close$564,509$59,000$59,000