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$36,968$36,968$538,200
Remaining term (yrs)4.64.630.0
Secondary amount$0$501,232$0
Funding fee$0$0$0
Note rate7.250%7.250%7.320%
Blended rate8.100%7.774%7.560%
1st payment$768.57$768.57$3,697.06
2nd payment$0.00$3,237.12$0.00
Taxes / mo$498.33$498.33$498.33
Insurance / mo$166.67$166.67$166.67
MI / mo$79.80$79.80$107.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,513.38$4,750.50$4,469.70
Cash to close$561,032$59,800$59,800