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$27,066$27,066$494,976
Remaining term (yrs)23.923.930.0
Secondary amount$0$467,910$0
Funding fee$0$0$0
Note rate6.900%6.900%7.400%
Blended rate7.450%7.734%7.640%
1st payment$192.57$192.57$3,427.11
2nd payment$0.00$3,021.92$0.00
Taxes / mo$394.92$394.92$394.92
Insurance / mo$166.67$166.67$166.67
MI / mo$12.95$12.95$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$767.10$3,789.02$4,087.69
Cash to close$522,907$54,997$54,997