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$25,546$25,546$486,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$460,454$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.732%7.640%
1st payment$171.78$171.78$3,364.97
2nd payment$0.00$2,973.76$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$11.89$11.89$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$800.34$3,774.10$4,078.83
Cash to close$514,454$54,000$54,000