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$69,968$69,968$512,100
Remaining term (yrs)4.14.130.0
Secondary amount$0$442,132$0
Funding fee$0$0$0
Note rate7.860%7.860%7.400%
Blended rate8.710%7.881%7.640%
1st payment$1,618.24$1,618.24$3,545.68
2nd payment$0.00$2,855.44$0.00
Taxes / mo$474.17$474.17$474.17
Insurance / mo$166.67$166.67$166.67
MI / mo$158.32$158.32$102.42
HOA / mo$121.00$121.00$121.00
Total monthly$2,538.39$5,393.83$4,409.93
Cash to close$499,032$56,900$56,900