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$39,256$39,256$440,999
Remaining term (yrs)28.328.330.0
Secondary amount$0$401,744$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.705%7.560%
1st payment$257.28$257.28$3,029.36
2nd payment$0.00$2,594.59$0.00
Taxes / mo$488.92$488.92$488.92
Insurance / mo$166.67$166.67$166.67
MI / mo$18.29$18.29$88.20
HOA / mo$95.33$95.33$95.33
Total monthly$1,026.48$3,621.08$3,868.47
Cash to close$450,743$49,000$49,000