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$39,694$39,694$476,910
Remaining term (yrs)3.23.230.0
Secondary amount$0$437,216$0
Funding fee$0$0$0
Note rate7.840%7.840%7.320%
Blended rate8.690%7.828%7.560%
1st payment$1,130.88$1,130.88$3,276.04
2nd payment$0.00$2,823.69$0.00
Taxes / mo$257.83$257.83$257.83
Insurance / mo$166.67$166.67$166.67
MI / mo$110.85$110.85$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,666.23$4,489.92$3,795.92
Cash to close$490,206$52,990$52,990