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$43,296$43,296$566,460
Remaining term (yrs)4.34.330.0
Secondary amount$0$523,164$0
Funding fee$0$0$0
Note rate7.030%7.030%7.400%
Blended rate7.880%7.760%7.640%
1st payment$952.66$952.66$3,922.05
2nd payment$0.00$3,378.77$0.00
Taxes / mo$200.42$200.42$200.42
Insurance / mo$166.67$166.67$166.67
MI / mo$101.12$101.12$113.29
HOA / mo$0.00$0.00$0.00
Total monthly$1,420.86$4,799.63$4,402.43
Cash to close$586,104$62,940$62,940