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$40,258$40,258$558,000
Remaining term (yrs)5.05.030.0
Secondary amount$0$517,742$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.430%7.727%7.640%
1st payment$767.71$767.71$3,863.48
2nd payment$0.00$3,343.75$0.00
Taxes / mo$516.67$516.67$516.67
Insurance / mo$166.67$166.67$166.67
MI / mo$85.32$85.32$111.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,536.36$4,880.11$4,658.41
Cash to close$579,742$62,000$62,000