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$4,379$4,379$405,000
Remaining term (yrs)0.70.730.0
Secondary amount$0$400,621$0
Funding fee$0$0$0
Note rate7.580%7.580%7.400%
Blended rate8.430%7.757%7.640%
1st payment$453.23$453.23$2,804.14
2nd payment$0.00$2,587.35$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$45.56$45.56$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,023.78$3,611.13$3,410.14
Cash to close$445,621$45,000$45,000