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$47,752$47,752$495,000
Remaining term (yrs)11.011.030.0
Secondary amount$0$447,248$0
Funding fee$0$0$0
Note rate6.680%6.680%7.400%
Blended rate7.530%7.729%7.640%
1st payment$506.58$506.58$3,427.28
2nd payment$0.00$2,888.48$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$55.72$55.72$99.00
HOA / mo$381.00$381.00$381.00
Total monthly$1,568.31$4,456.79$4,532.28
Cash to close$502,248$55,000$55,000