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$46,853$46,853$476,100
Remaining term (yrs)17.417.430.0
Secondary amount$0$429,247$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.694%7.640%
1st payment$376.63$376.63$3,296.42
2nd payment$0.00$2,772.22$0.00
Taxes / mo$440.83$440.83$440.83
Insurance / mo$166.67$166.67$166.67
MI / mo$22.92$22.92$95.22
HOA / mo$463.00$463.00$463.00
Total monthly$1,470.05$4,242.27$4,462.14
Cash to close$482,147$52,900$52,900