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$50,353$50,353$476,910
Remaining term (yrs)4.84.830.0
Secondary amount$0$426,557$0
Funding fee$0$0$0
Note rate6.450%6.450%7.400%
Blended rate7.300%7.702%7.640%
1st payment$998.17$998.17$3,302.03
2nd payment$0.00$2,754.85$0.00
Taxes / mo$143.33$143.33$143.33
Insurance / mo$166.67$166.67$166.67
MI / mo$112.45$112.45$95.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,420.61$4,175.46$3,707.41
Cash to close$479,547$52,990$52,990