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$49,515$49,515$494,910
Remaining term (yrs)28.828.830.0
Secondary amount$0$445,395$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.715%7.640%
1st payment$328.18$328.18$3,426.66
2nd payment$0.00$2,876.51$0.00
Taxes / mo$249.83$249.83$249.83
Insurance / mo$166.67$166.67$166.67
MI / mo$22.96$22.96$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$767.64$3,644.14$3,942.14
Cash to close$500,385$54,990$54,990