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$8,567$8,567$449,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$441,343$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.739%7.640%
1st payment$58.93$58.93$3,115.09
2nd payment$0.00$2,850.34$0.00
Taxes / mo$202.00$202.00$202.00
Insurance / mo$166.67$166.67$166.67
MI / mo$4.07$4.07$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$431.67$3,282.01$3,573.73
Cash to close$491,333$49,990$49,990