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$19,393$19,393$412,200
Remaining term (yrs)28.828.830.0
Secondary amount$0$392,807$0
Funding fee$0$0$0
Note rate6.840%6.840%7.400%
Blended rate7.390%7.733%7.640%
1st payment$128.40$128.40$2,853.99
2nd payment$0.00$2,536.88$0.00
Taxes / mo$249.67$249.67$249.67
Insurance / mo$166.67$166.67$166.67
MI / mo$8.99$8.99$82.44
HOA / mo$0.00$0.00$0.00
Total monthly$553.73$3,090.61$3,352.76
Cash to close$438,607$45,800$45,800