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$83,931$83,931$562,500
Remaining term (yrs)18.918.930.0
Secondary amount$0$478,569$0
Funding fee$0$0$0
Note rate4.050%4.050%7.320%
Blended rate4.900%7.325%7.560%
1st payment$528.33$528.33$3,863.98
2nd payment$0.00$3,090.76$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$77.92$77.92$112.50
HOA / mo$546.00$546.00$546.00
Total monthly$1,839.75$4,930.51$5,209.98
Cash to close$541,069$62,500$62,500