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$68,459$68,459$472,500
Remaining term (yrs)6.86.830.0
Secondary amount$0$404,041$0
Funding fee$0$0$0
Note rate5.240%5.240%7.400%
Blended rate6.090%7.509%7.640%
1st payment$985.07$985.07$3,271.49
2nd payment$0.00$2,609.43$0.00
Taxes / mo$255.33$255.33$255.33
Insurance / mo$166.67$166.67$166.67
MI / mo$126.50$126.50$94.50
HOA / mo$29.00$29.00$29.00
Total monthly$1,562.57$4,172.00$3,816.99
Cash to close$456,541$52,500$52,500