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$47,815$47,815$486,000
Remaining term (yrs)26.026.030.0
Secondary amount$0$438,185$0
Funding fee$0$0$0
Note rate5.660%5.660%7.400%
Blended rate6.510%7.628%7.640%
1st payment$292.21$292.21$3,364.97
2nd payment$0.00$2,829.94$0.00
Taxes / mo$450.00$450.00$450.00
Insurance / mo$166.67$166.67$166.67
MI / mo$35.82$35.82$97.20
HOA / mo$360.00$360.00$360.00
Total monthly$1,304.70$4,134.64$4,438.83
Cash to close$492,185$54,000$54,000