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$18,052$18,052$494,991
Remaining term (yrs)2.72.730.0
Secondary amount$0$476,939$0
Funding fee$0$0$0
Note rate7.510%7.510%7.400%
Blended rate8.360%7.772%7.640%
1st payment$591.09$591.09$3,427.22
2nd payment$0.00$3,080.23$0.00
Taxes / mo$244.08$244.08$244.08
Insurance / mo$166.67$166.67$166.67
MI / mo$59.82$59.82$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,061.66$4,141.89$3,936.97
Cash to close$531,938$54,999$54,999