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$6,966$6,966$440,999
Remaining term (yrs)25.125.130.0
Secondary amount$0$434,033$0
Funding fee$0$0$0
Note rate7.190%7.190%7.400%
Blended rate7.740%7.750%7.640%
1st payment$49.91$49.91$3,053.39
2nd payment$0.00$2,803.13$0.00
Taxes / mo$408.33$408.33$408.33
Insurance / mo$166.67$166.67$166.67
MI / mo$3.30$3.30$88.20
HOA / mo$45.00$45.00$45.00
Total monthly$673.21$3,476.34$3,761.59
Cash to close$483,033$49,000$49,000