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$65,123$65,123$458,999
Remaining term (yrs)13.913.930.0
Secondary amount$0$393,876$0
Funding fee$0$0$0
Note rate4.360%4.360%7.400%
Blended rate5.210%7.390%7.640%
1st payment$516.36$516.36$3,178.02
2nd payment$0.00$2,543.78$0.00
Taxes / mo$425.00$425.00$425.00
Insurance / mo$166.67$166.67$166.67
MI / mo$73.39$73.39$91.80
HOA / mo$375.00$375.00$375.00
Total monthly$1,556.42$4,100.20$4,236.48
Cash to close$444,876$51,000$51,000