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$52,320$52,320$436,500
Remaining term (yrs)13.613.630.0
Secondary amount$0$384,180$0
Funding fee$0$0$0
Note rate5.000%5.000%7.400%
Blended rate5.850%7.522%7.640%
1st payment$439.12$439.12$3,022.24
2nd payment$0.00$2,481.16$0.00
Taxes / mo$404.17$404.17$404.17
Insurance / mo$166.67$166.67$166.67
MI / mo$57.94$57.94$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,067.90$3,549.06$3,680.37
Cash to close$432,680$48,500$48,500