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$21,546$21,546$445,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$423,954$0
Funding fee$0$0$0
Note rate6.750%6.750%7.400%
Blended rate7.300%7.728%7.640%
1st payment$142.75$142.75$3,084.55
2nd payment$0.00$2,738.04$0.00
Taxes / mo$547.25$547.25$547.25
Insurance / mo$166.67$166.67$166.67
MI / mo$9.98$9.98$89.10
HOA / mo$60.00$60.00$60.00
Total monthly$926.65$3,664.69$3,947.57
Cash to close$473,454$49,500$49,500