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$0$0$504,000
Remaining term (yrs)29.529.530.0
Secondary amount$0$504,000$0
Funding fee$0$0$0
Note rate6.500%6.500%7.240%
Blended rate7.050%7.750%7.480%
1st payment$0.00$0.00$3,434.75
2nd payment$0.00$3,255.00$0.00
Taxes / mo$930.75$930.75$930.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.80
HOA / mo$86.67$86.67$86.67
Total monthly$1,184.09$4,439.09$4,719.64
Cash to close$560,000$56,000$56,000