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$18,031$18,031$459,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$440,969$0
Funding fee$0$0$0
Note rate7.290%7.290%7.400%
Blended rate7.840%7.754%7.640%
1st payment$129.90$129.90$3,178.02
2nd payment$0.00$2,847.92$0.00
Taxes / mo$425.00$425.00$425.00
Insurance / mo$166.67$166.67$166.67
MI / mo$8.52$8.52$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$730.08$3,578.01$3,861.49
Cash to close$491,969$51,000$51,000