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$27,581$27,581$473,399
Remaining term (yrs)3.93.930.0
Secondary amount$0$445,818$0
Funding fee$0$0$0
Note rate8.210%8.210%7.400%
Blended rate9.060%7.826%7.640%
1st payment$664.39$664.39$3,277.72
2nd payment$0.00$2,879.24$0.00
Taxes / mo$438.33$438.33$438.33
Insurance / mo$166.67$166.67$166.67
MI / mo$62.88$62.88$94.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,332.27$4,211.51$3,977.40
Cash to close$498,418$52,600$52,600