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$50,642$50,642$517,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$466,858$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.712%7.640%
1st payment$355.50$355.50$3,583.07
2nd payment$0.00$3,015.13$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$23.80$23.80$103.50
HOA / mo$85.00$85.00$85.00
Total monthly$1,110.13$4,125.26$4,417.40
Cash to close$524,358$57,500$57,500