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$13,213$13,213$475,920
Remaining term (yrs)24.724.730.0
Secondary amount$0$462,707$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.738%7.640%
1st payment$91.61$91.61$3,295.17
2nd payment$0.00$2,988.31$0.00
Taxes / mo$440.67$440.67$440.67
Insurance / mo$166.67$166.67$166.67
MI / mo$6.16$6.16$95.18
HOA / mo$0.00$0.00$0.00
Total monthly$705.11$3,693.42$3,997.69
Cash to close$515,587$52,880$52,880