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$22,890$22,890$436,500
Remaining term (yrs)29.529.530.0
Secondary amount$0$413,610$0
Funding fee$0$0$0
Note rate6.110%6.110%7.320%
Blended rate6.660%7.693%7.560%
1st payment$139.41$139.41$2,998.45
2nd payment$0.00$2,671.23$0.00
Taxes / mo$517.05$517.05$517.05
Insurance / mo$166.67$166.67$166.67
MI / mo$10.53$10.53$87.30
HOA / mo$29.17$29.17$29.17
Total monthly$862.83$3,534.06$3,798.64
Cash to close$462,110$48,500$48,500