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$16,508$16,508$495,000
Remaining term (yrs)21.721.730.0
Secondary amount$0$478,492$0
Funding fee$0$0$0
Note rate4.550%4.550%7.400%
Blended rate5.400%7.672%7.640%
1st payment$99.51$99.51$3,427.28
2nd payment$0.00$3,090.26$0.00
Taxes / mo$183.42$183.42$183.42
Insurance / mo$166.67$166.67$166.67
MI / mo$13.83$13.83$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$463.42$3,553.69$3,876.36
Cash to close$533,492$55,000$55,000