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$29,528$29,528$490,500
Remaining term (yrs)2.32.330.0
Secondary amount$0$460,972$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.780%7.752%7.640%
1st payment$1,108.78$1,108.78$3,396.12
2nd payment$0.00$2,977.11$0.00
Taxes / mo$454.17$454.17$454.17
Insurance / mo$166.67$166.67$166.67
MI / mo$118.89$118.89$98.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,848.51$4,825.62$4,115.06
Cash to close$515,472$54,500$54,500