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$59,123$59,123$436,500
Remaining term (yrs)12.212.230.0
Secondary amount$0$377,377$0
Funding fee$0$0$0
Note rate6.140%6.140%7.320%
Blended rate6.990%7.647%7.560%
1st payment$570.62$570.62$2,998.45
2nd payment$0.00$2,437.23$0.00
Taxes / mo$214.42$214.42$214.42
Insurance / mo$166.67$166.67$166.67
MI / mo$66.41$66.41$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,018.12$3,455.34$3,466.84
Cash to close$425,877$48,500$48,500