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$37,973$37,973$472,410
Remaining term (yrs)26.426.430.0
Secondary amount$0$434,437$0
Funding fee$0$0$0
Note rate6.870%6.870%7.320%
Blended rate7.420%7.723%7.560%
1st payment$259.37$259.37$3,245.13
2nd payment$0.00$2,805.74$0.00
Taxes / mo$437.42$437.42$437.42
Insurance / mo$166.67$166.67$166.67
MI / mo$17.72$17.72$94.48
HOA / mo$29.17$29.17$29.17
Total monthly$910.34$3,716.08$3,972.86
Cash to close$486,927$52,490$52,490