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$25,453$25,453$472,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$447,047$0
Funding fee$0$0$0
Note rate6.640%6.640%7.320%
Blended rate7.190%7.720%7.560%
1st payment$165.50$165.50$3,245.75
2nd payment$0.00$2,887.18$0.00
Taxes / mo$160.67$160.67$160.67
Insurance / mo$166.67$166.67$166.67
MI / mo$11.83$11.83$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$504.66$3,391.84$3,667.58
Cash to close$499,547$52,500$52,500