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$6,607$6,607$427,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$420,893$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.741%7.640%
1st payment$44.83$44.83$2,959.92
2nd payment$0.00$2,718.27$0.00
Taxes / mo$125.33$125.33$125.33
Insurance / mo$166.67$166.67$166.67
MI / mo$3.17$3.17$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$340.00$3,058.27$3,337.42
Cash to close$468,393$47,500$47,500