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$21,043$21,043$490,500
Remaining term (yrs)27.227.230.0
Secondary amount$0$469,457$0
Funding fee$0$0$0
Note rate6.790%6.790%7.320%
Blended rate7.340%7.732%7.560%
1st payment$141.27$141.27$3,369.39
2nd payment$0.00$3,031.91$0.00
Taxes / mo$271.25$271.25$271.25
Insurance / mo$166.67$166.67$166.67
MI / mo$9.84$9.84$98.10
HOA / mo$24.67$24.67$24.67
Total monthly$613.69$3,645.60$3,930.08
Cash to close$523,957$54,500$54,500