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$47,435$47,435$445,500
Remaining term (yrs)4.94.930.0
Secondary amount$0$398,065$0
Funding fee$0$0$0
Note rate6.870%6.870%7.400%
Blended rate7.720%7.747%7.640%
1st payment$923.50$923.50$3,084.55
2nd payment$0.00$2,570.83$0.00
Taxes / mo$183.17$183.17$183.17
Insurance / mo$166.67$166.67$166.67
MI / mo$99.63$99.63$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,372.96$3,943.80$3,523.49
Cash to close$447,565$49,500$49,500