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$23,369$23,369$463,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$440,131$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.730%7.640%
1st payment$162.97$162.97$3,209.18
2nd payment$0.00$2,842.51$0.00
Taxes / mo$342.17$342.17$342.17
Insurance / mo$166.67$166.67$166.67
MI / mo$10.91$10.91$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$682.71$3,525.23$3,810.71
Cash to close$491,631$51,500$51,500