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$21,021$21,021$450,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$428,979$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.724%7.640%
1st payment$138.34$138.34$3,115.71
2nd payment$0.00$2,770.49$0.00
Taxes / mo$562.72$562.72$562.72
Insurance / mo$166.67$166.67$166.67
MI / mo$9.78$9.78$90.00
HOA / mo$76.67$76.67$76.67
Total monthly$954.17$3,724.66$4,011.76
Cash to close$478,979$50,000$50,000