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$59,380$59,380$517,491
Remaining term (yrs)6.76.730.0
Secondary amount$0$458,111$0
Funding fee$0$0$0
Note rate5.480%5.480%7.400%
Blended rate6.330%7.587%7.640%
1st payment$869.80$869.80$3,583.00
2nd payment$0.00$2,958.64$0.00
Taxes / mo$130.75$130.75$130.75
Insurance / mo$166.67$166.67$166.67
MI / mo$108.75$108.75$103.50
HOA / mo$43.75$43.75$43.75
Total monthly$1,319.72$4,278.35$4,027.67
Cash to close$515,610$57,499$57,499