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$51,441$51,441$647,910
Remaining term (yrs)5.05.030.0
Secondary amount$0$596,469$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.430%7.725%7.640%
1st payment$980.96$980.96$4,486.00
2nd payment$0.00$3,852.19$0.00
Taxes / mo$599.92$599.92$599.92
Insurance / mo$216.67$216.67$216.67
MI / mo$109.02$109.02$129.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,906.57$5,758.76$5,432.16
Cash to close$668,459$71,990$71,990