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$44,467$44,467$661,500
Remaining term (yrs)3.63.630.0
Secondary amount$0$617,033$0
Funding fee$0$0$0
Note rate5.840%5.840%7.400%
Blended rate6.690%7.679%7.640%
1st payment$1,102.69$1,102.69$4,580.09
2nd payment$0.00$3,985.01$0.00
Taxes / mo$387.67$387.67$387.67
Insurance / mo$216.67$216.67$216.67
MI / mo$132.54$132.54$132.30
HOA / mo$10.00$10.00$10.00
Total monthly$1,849.56$5,834.57$5,326.73
Cash to close$690,533$73,500$73,500