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$23,502$23,502$468,000
Remaining term (yrs)2.42.430.0
Secondary amount$0$444,498$0
Funding fee$0$0$0
Note rate5.500%5.500%7.400%
Blended rate6.350%7.680%7.640%
1st payment$840.27$840.27$3,240.34
2nd payment$0.00$2,870.72$0.00
Taxes / mo$293.83$293.83$293.83
Insurance / mo$166.67$166.67$166.67
MI / mo$96.92$96.92$93.60
HOA / mo$29.17$29.17$29.17
Total monthly$1,426.87$4,297.59$3,823.61
Cash to close$496,498$52,000$52,000