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$14,485$14,485$436,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$422,015$0
Funding fee$0$0$0
Note rate6.910%6.910%7.400%
Blended rate7.460%7.740%7.640%
1st payment$100.92$100.92$3,022.24
2nd payment$0.00$2,725.52$0.00
Taxes / mo$256.17$256.17$256.17
Insurance / mo$166.67$166.67$166.67
MI / mo$6.78$6.78$87.30
HOA / mo$16.00$16.00$16.00
Total monthly$546.54$3,272.06$3,548.37
Cash to close$470,515$48,500$48,500