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$40,633$40,633$567,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$526,367$0
Funding fee$0$0$0
Note rate6.740%6.740%7.320%
Blended rate7.290%7.717%7.560%
1st payment$277.69$277.69$3,894.90
2nd payment$0.00$3,399.46$0.00
Taxes / mo$525.00$525.00$525.00
Insurance / mo$166.67$166.67$166.67
MI / mo$19.21$19.21$113.40
HOA / mo$300.00$300.00$300.00
Total monthly$1,288.57$4,688.02$4,999.96
Cash to close$589,367$63,000$63,000