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$17,969$17,969$400,500
Remaining term (yrs)28.928.930.0
Secondary amount$0$382,531$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.719%7.640%
1st payment$114.86$114.86$2,772.98
2nd payment$0.00$2,470.51$0.00
Taxes / mo$234.75$234.75$234.75
Insurance / mo$150.00$150.00$150.00
MI / mo$8.33$8.33$80.10
HOA / mo$18.75$18.75$18.75
Total monthly$526.69$2,997.20$3,256.58
Cash to close$427,031$44,500$44,500