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$12,528$12,528$517,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$504,972$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.800%7.751%7.560%
1st payment$87.71$87.71$3,554.87
2nd payment$0.00$3,261.28$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$9.29$9.29$103.50
HOA / mo$682.00$682.00$682.00
Total monthly$1,424.84$4,686.12$4,986.20
Cash to close$562,472$57,500$57,500