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$12,378$12,378$427,275
Remaining term (yrs)24.124.130.0
Secondary amount$0$414,897$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.736%7.640%
1st payment$86.31$86.31$2,958.37
2nd payment$0.00$2,679.54$0.00
Taxes / mo$525.04$525.04$525.04
Insurance / mo$166.67$166.67$166.67
MI / mo$5.83$5.83$85.46
HOA / mo$50.00$50.00$50.00
Total monthly$833.84$3,513.38$3,785.52
Cash to close$462,372$47,475$47,475