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$12,892$12,892$449,100
Remaining term (yrs)23.223.230.0
Secondary amount$0$436,208$0
Funding fee$0$0$0
Note rate7.040%7.040%7.400%
Blended rate7.590%7.745%7.640%
1st payment$93.88$93.88$3,109.48
2nd payment$0.00$2,817.18$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$6.07$6.07$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$682.45$3,499.63$3,781.80
Cash to close$486,108$49,900$49,900