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$46,447$46,447$512,910
Remaining term (yrs)5.05.030.0
Secondary amount$0$466,463$0
Funding fee$0$0$0
Note rate6.310%6.310%7.320%
Blended rate7.160%7.697%7.560%
1st payment$879.83$879.83$3,523.34
2nd payment$0.00$3,012.58$0.00
Taxes / mo$474.92$474.92$474.92
Insurance / mo$166.67$166.67$166.67
MI / mo$100.58$100.58$102.58
HOA / mo$60.00$60.00$60.00
Total monthly$1,681.99$4,694.57$4,327.50
Cash to close$523,453$56,990$56,990