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$18,938$18,938$377,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$358,162$0
Funding fee$0$0$0
Note rate6.080%6.080%7.400%
Blended rate6.630%7.694%7.640%
1st payment$122.43$122.43$2,610.96
2nd payment$0.00$2,313.13$0.00
Taxes / mo$220.82$220.82$220.82
Insurance / mo$150.00$150.00$150.00
MI / mo$8.92$8.92$75.42
HOA / mo$13.33$13.33$13.33
Total monthly$515.50$2,828.63$3,070.53
Cash to close$400,062$41,900$41,900