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$52,841$52,841$652,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$599,659$0
Funding fee$0$0$0
Note rate3.240%3.240%7.400%
Blended rate4.090%7.454%7.640%
1st payment$264.81$264.81$4,517.78
2nd payment$0.00$3,872.80$0.00
Taxes / mo$604.17$604.17$604.17
Insurance / mo$216.67$216.67$216.67
MI / mo$43.15$43.15$130.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,128.80$5,001.59$5,469.11
Cash to close$672,159$72,500$72,500