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$84,913$84,913$463,500
Remaining term (yrs)9.49.430.0
Secondary amount$0$378,587$0
Funding fee$0$0$0
Note rate6.220%6.220%7.400%
Blended rate7.070%7.625%7.640%
1st payment$982.03$982.03$3,209.18
2nd payment$0.00$2,445.04$0.00
Taxes / mo$199.50$199.50$199.50
Insurance / mo$166.67$166.67$166.67
MI / mo$113.33$113.33$92.70
HOA / mo$6.67$6.67$6.67
Total monthly$1,468.20$3,913.24$3,674.72
Cash to close$430,087$51,500$51,500