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$50,173$50,173$522,000
Remaining term (yrs)4.44.430.0
Secondary amount$0$471,827$0
Funding fee$0$0$0
Note rate7.500%7.500%7.320%
Blended rate8.350%7.808%7.560%
1st payment$1,080.80$1,080.80$3,585.78
2nd payment$0.00$3,047.22$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$109.49$109.49$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,840.29$4,887.51$4,340.18
Cash to close$529,827$58,000$58,000