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$18,785$18,785$449,999
Remaining term (yrs)26.226.230.0
Secondary amount$0$431,214$0
Funding fee$0$0$0
Note rate6.540%6.540%7.400%
Blended rate7.090%7.722%7.640%
1st payment$124.77$124.77$3,115.70
2nd payment$0.00$2,784.93$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$8.80$8.80$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$716.91$3,501.84$3,789.04
Cash to close$481,214$50,000$50,000