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$17,108$17,108$427,500
Remaining term (yrs)26.726.730.0
Secondary amount$0$410,392$0
Funding fee$0$0$0
Note rate7.020%7.020%7.400%
Blended rate7.570%7.743%7.640%
1st payment$118.14$118.14$2,959.92
2nd payment$0.00$2,650.45$0.00
Taxes / mo$212.75$212.75$212.75
Insurance / mo$166.67$166.67$166.67
MI / mo$8.04$8.04$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$505.60$3,156.05$3,424.84
Cash to close$457,892$47,500$47,500