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$99,515$99,515$494,910
Remaining term (yrs)38.538.530.0
Secondary amount$0$395,395$0
Funding fee$0$0$0
Note rate6.650%6.650%7.320%
Blended rate7.200%7.639%7.560%
1st payment$597.47$597.47$3,399.69
2nd payment$0.00$2,553.59$0.00
Taxes / mo$465.83$465.83$465.83
Insurance / mo$166.67$166.67$166.67
MI / mo$45.93$45.93$98.98
HOA / mo$50.00$50.00$50.00
Total monthly$1,325.90$3,879.50$4,181.17
Cash to close$450,385$54,990$54,990