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$29,874$29,874$414,000
Remaining term (yrs)26.526.530.0
Secondary amount$0$384,126$0
Funding fee$0$0$0
Note rate6.760%6.760%7.320%
Blended rate7.310%7.718%7.560%
1st payment$201.71$201.71$2,843.89
2nd payment$0.00$2,480.81$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$13.93$13.93$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$765.64$3,246.45$3,476.69
Cash to close$430,126$46,000$46,000