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$20,394$20,394$441,000
Remaining term (yrs)18.818.830.0
Secondary amount$0$420,606$0
Funding fee$0$0$0
Note rate6.950%6.950%7.400%
Blended rate7.500%7.738%7.640%
1st payment$161.71$161.71$3,053.39
2nd payment$0.00$2,716.41$0.00
Taxes / mo$408.33$408.33$408.33
Insurance / mo$166.67$166.67$166.67
MI / mo$9.81$9.81$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$746.52$3,462.93$3,716.59
Cash to close$469,606$49,000$49,000