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$54,427$54,427$764,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$709,673$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%7.630%7.640%
1st payment$324.66$324.66$5,290.47
2nd payment$0.00$4,583.31$0.00
Taxes / mo$707.50$707.50$707.50
Insurance / mo$216.67$216.67$216.67
MI / mo$41.19$41.19$152.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,290.02$5,873.33$6,367.46
Cash to close$794,573$84,900$84,900