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$15,780$15,780$504,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$488,220$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%7.747%7.640%
1st payment$112.71$112.71$3,489.59
2nd payment$0.00$3,153.09$0.00
Taxes / mo$466.67$466.67$466.67
Insurance / mo$166.67$166.67$166.67
MI / mo$7.45$7.45$100.80
HOA / mo$0.00$0.00$0.00
Total monthly$753.49$3,906.58$4,223.73
Cash to close$544,220$56,000$56,000