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$46,152$46,152$534,600
Remaining term (yrs)28.928.930.0
Secondary amount$0$488,448$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.709%7.640%
1st payment$301.65$301.65$3,701.46
2nd payment$0.00$3,154.56$0.00
Taxes / mo$495.00$495.00$495.00
Insurance / mo$166.67$166.67$166.67
MI / mo$21.38$21.38$106.92
HOA / mo$0.00$0.00$0.00
Total monthly$984.70$4,139.26$4,470.05
Cash to close$547,848$59,400$59,400