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$50,282$50,282$512,910
Remaining term (yrs)4.24.230.0
Secondary amount$0$462,628$0
Funding fee$0$0$0
Note rate7.420%7.420%7.320%
Blended rate8.270%7.801%7.560%
1st payment$1,133.68$1,133.68$3,523.34
2nd payment$0.00$2,987.81$0.00
Taxes / mo$352.92$352.92$352.92
Insurance / mo$166.67$166.67$166.67
MI / mo$115.75$115.75$102.58
HOA / mo$15.33$15.33$15.33
Total monthly$1,784.35$4,772.16$4,160.83
Cash to close$519,618$56,990$56,990