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$47,643$47,643$463,500
Remaining term (yrs)17.217.230.0
Secondary amount$0$415,857$0
Funding fee$0$0$0
Note rate4.140%4.140%7.320%
Blended rate4.990%7.466%7.560%
1st payment$321.36$321.36$3,183.92
2nd payment$0.00$2,685.75$0.00
Taxes / mo$204.67$204.67$204.67
Insurance / mo$166.67$166.67$166.67
MI / mo$42.50$42.50$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$735.19$3,420.94$3,647.96
Cash to close$467,357$51,500$51,500