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$19,340$19,340$458,100
Remaining term (yrs)2.62.630.0
Secondary amount$0$438,760$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.780%7.751%7.640%
1st payment$645.37$645.37$3,171.79
2nd payment$0.00$2,833.66$0.00
Taxes / mo$472.58$472.58$472.58
Insurance / mo$166.67$166.67$166.67
MI / mo$69.20$69.20$91.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,353.82$4,187.48$3,902.66
Cash to close$489,660$50,900$50,900