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$8,782$8,782$404,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$395,318$0
Funding fee$0$0$0
Note rate6.690%6.690%7.320%
Blended rate7.240%7.739%7.560%
1st payment$59.89$59.89$2,775.89
2nd payment$0.00$2,553.10$0.00
Taxes / mo$374.17$374.17$374.17
Insurance / mo$150.00$150.00$150.00
MI / mo$4.16$4.16$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$588.22$3,141.31$3,380.87
Cash to close$440,218$44,900$44,900