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$5,829$5,829$495,900
Remaining term (yrs)38.738.730.0
Secondary amount$0$490,071$0
Funding fee$0$0$0
Note rate6.850%6.850%7.320%
Blended rate7.400%7.746%7.560%
1st payment$35.80$35.80$3,406.49
2nd payment$0.00$3,165.04$0.00
Taxes / mo$459.17$459.17$459.17
Insurance / mo$166.67$166.67$166.67
MI / mo$2.69$2.69$99.18
HOA / mo$150.00$150.00$150.00
Total monthly$814.32$3,979.36$4,281.50
Cash to close$545,171$55,100$55,100