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$7,767$7,767$494,730
Remaining term (yrs)24.424.430.0
Secondary amount$0$486,963$0
Funding fee$0$0$0
Note rate7.040%7.040%7.400%
Blended rate7.590%7.747%7.640%
1st payment$55.51$55.51$3,425.41
2nd payment$0.00$3,144.97$0.00
Taxes / mo$315.92$315.92$315.92
Insurance / mo$166.67$166.67$166.67
MI / mo$3.64$3.64$98.95
HOA / mo$490.00$490.00$490.00
Total monthly$1,031.73$4,176.70$4,496.94
Cash to close$541,933$54,970$54,970