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$14,740$14,740$450,000
Remaining term (yrs)1.41.430.0
Secondary amount$0$435,260$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.740%7.750%7.640%
1st payment$864.27$864.27$3,115.71
2nd payment$0.00$2,811.06$0.00
Taxes / mo$236.00$236.00$236.00
Insurance / mo$166.67$166.67$166.67
MI / mo$93.05$93.05$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,359.99$4,171.04$3,608.38
Cash to close$485,260$50,000$50,000