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$22,659$22,659$495,000
Remaining term (yrs)6.96.930.0
Secondary amount$0$472,341$0
Funding fee$0$0$0
Note rate5.670%5.670%7.400%
Blended rate6.520%7.694%7.640%
1st payment$327.44$327.44$3,427.28
2nd payment$0.00$3,050.54$0.00
Taxes / mo$536.00$536.00$536.00
Insurance / mo$166.67$166.67$166.67
MI / mo$40.09$40.09$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,070.20$4,120.73$4,228.95
Cash to close$527,341$55,000$55,000