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$53,490$53,490$450,000
Remaining term (yrs)12.012.030.0
Secondary amount$0$396,510$0
Funding fee$0$0$0
Note rate5.930%5.930%7.320%
Blended rate6.780%7.635%7.560%
1st payment$515.15$515.15$3,091.19
2nd payment$0.00$2,560.80$0.00
Taxes / mo$278.58$278.58$278.58
Insurance / mo$166.67$166.67$166.67
MI / mo$61.32$61.32$90.00
HOA / mo$46.67$46.67$46.67
Total monthly$1,068.40$3,629.19$3,673.11
Cash to close$446,510$50,000$50,000