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$96,012$96,012$517,500
Remaining term (yrs)13.613.630.0
Secondary amount$0$421,488$0
Funding fee$0$0$0
Note rate6.030%6.030%7.400%
Blended rate6.580%7.533%7.640%
1st payment$857.46$857.46$3,583.07
2nd payment$0.00$2,722.11$0.00
Taxes / mo$337.25$337.25$337.25
Insurance / mo$166.67$166.67$166.67
MI / mo$46.48$46.48$103.50
HOA / mo$32.00$32.00$32.00
Total monthly$1,439.86$4,161.97$4,222.48
Cash to close$478,988$57,500$57,500