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$61,740$61,740$809,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$748,170$0
Funding fee$0$0$0
Note rate5.300%5.300%7.400%
Blended rate6.150%7.628%7.640%
1st payment$386.08$386.08$5,607.65
2nd payment$0.00$4,831.93$0.00
Taxes / mo$749.92$749.92$749.92
Insurance / mo$216.67$216.67$216.67
MI / mo$47.07$47.07$161.98
HOA / mo$330.00$330.00$330.00
Total monthly$1,729.74$6,561.67$7,066.22
Cash to close$838,160$89,990$89,990