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$22,614$22,614$494,910
Remaining term (yrs)26.226.230.0
Secondary amount$0$472,296$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.731%7.640%
1st payment$153.82$153.82$3,426.66
2nd payment$0.00$3,050.24$0.00
Taxes / mo$727.32$727.32$727.32
Insurance / mo$166.67$166.67$166.67
MI / mo$10.59$10.59$98.98
HOA / mo$35.42$35.42$35.42
Total monthly$1,093.82$4,144.06$4,455.05
Cash to close$527,286$54,990$54,990