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$8,938$8,938$367,200
Remaining term (yrs)27.427.430.0
Secondary amount$0$358,262$0
Funding fee$0$0$0
Note rate5.870%5.870%7.400%
Blended rate6.420%7.718%7.640%
1st payment$54.58$54.58$2,542.42
2nd payment$0.00$2,313.77$0.00
Taxes / mo$169.33$169.33$169.33
Insurance / mo$150.00$150.00$150.00
MI / mo$4.23$4.23$73.44
HOA / mo$40.00$40.00$40.00
Total monthly$418.14$2,731.91$2,975.19
Cash to close$399,062$40,800$40,800