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$45,485$45,485$472,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$427,015$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.706%7.640%
1st payment$304.85$304.85$3,271.49
2nd payment$0.00$2,757.81$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$21.09$21.09$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$930.11$3,687.91$3,970.16
Cash to close$479,515$52,500$52,500