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$39,212$39,212$432,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$392,788$0
Funding fee$0$0$0
Note rate6.750%6.750%7.400%
Blended rate7.300%7.709%7.640%
1st payment$260.06$260.06$2,991.08
2nd payment$0.00$2,536.76$0.00
Taxes / mo$400.00$400.00$400.00
Insurance / mo$166.67$166.67$166.67
MI / mo$18.18$18.18$86.40
HOA / mo$120.00$120.00$120.00
Total monthly$964.91$3,501.67$3,764.15
Cash to close$440,788$48,000$48,000