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$21,807$21,807$526,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$504,693$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.715%7.640%
1st payment$144.81$144.81$3,645.38
2nd payment$0.00$3,259.48$0.00
Taxes / mo$487.50$487.50$487.50
Insurance / mo$166.67$166.67$166.67
MI / mo$10.27$10.27$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$809.25$4,068.73$4,404.85
Cash to close$563,193$58,500$58,500