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$0$0$413,100
Remaining term (yrs)0.00.030.0
Secondary amount$0$413,100$0
Funding fee$0$0$0
Note rate9.150%9.150%7.400%
Blended rate10.000%7.750%7.640%
1st payment$554.50$554.50$2,860.22
2nd payment$0.00$2,667.94$0.00
Taxes / mo$219.33$219.33$219.33
Insurance / mo$166.67$166.67$166.67
MI / mo$48.17$48.17$82.62
HOA / mo$524.00$524.00$524.00
Total monthly$1,512.67$4,180.60$3,852.84
Cash to close$459,000$45,900$45,900