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$26,237$26,237$427,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$401,263$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.716%7.560%
1st payment$183.19$183.19$2,936.63
2nd payment$0.00$2,591.49$0.00
Taxes / mo$590.67$590.67$590.67
Insurance / mo$166.67$166.67$166.67
MI / mo$12.28$12.28$85.50
HOA / mo$45.33$45.33$45.33
Total monthly$998.13$3,589.62$3,824.79
Cash to close$448,763$47,500$47,500