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$24,062$24,062$450,000
Remaining term (yrs)2.42.430.0
Secondary amount$0$425,938$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.670%7.746%7.640%
1st payment$848.77$848.77$3,115.71
2nd payment$0.00$2,750.85$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$92.03$92.03$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,524.14$4,274.99$3,789.04
Cash to close$475,938$50,000$50,000