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$85,290$85,290$652,050
Remaining term (yrs)11.811.830.0
Secondary amount$0$566,760$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.730%7.747%7.640%
1st payment$875.59$875.59$4,514.66
2nd payment$0.00$3,660.32$0.00
Taxes / mo$527.33$527.33$527.33
Insurance / mo$216.67$216.67$216.67
MI / mo$94.36$94.36$130.41
HOA / mo$0.00$0.00$0.00
Total monthly$1,713.96$5,374.28$5,389.07
Cash to close$639,210$72,450$72,450