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$73,487$73,487$658,800
Remaining term (yrs)12.312.330.0
Secondary amount$0$585,313$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.594%7.640%
1st payment$681.72$681.72$4,561.40
2nd payment$0.00$3,780.15$0.00
Taxes / mo$40.67$40.67$40.67
Insurance / mo$216.67$216.67$216.67
MI / mo$85.05$85.05$131.76
HOA / mo$0.00$0.00$0.00
Total monthly$1,024.10$4,804.24$4,950.49
Cash to close$658,513$73,200$73,200