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$39,516$39,516$494,910
Remaining term (yrs)28.928.930.0
Secondary amount$0$455,394$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.713%7.640%
1st payment$258.56$258.56$3,426.66
2nd payment$0.00$2,941.09$0.00
Taxes / mo$458.25$458.25$458.25
Insurance / mo$166.67$166.67$166.67
MI / mo$18.29$18.29$98.98
HOA / mo$193.00$193.00$193.00
Total monthly$1,094.76$4,035.85$4,343.56
Cash to close$510,384$54,990$54,990