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$13,328$13,328$418,500
Remaining term (yrs)25.925.930.0
Secondary amount$0$405,172$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.738%7.640%
1st payment$91.14$91.14$2,897.61
2nd payment$0.00$2,616.74$0.00
Taxes / mo$210.67$210.67$210.67
Insurance / mo$166.67$166.67$166.67
MI / mo$6.33$6.33$83.70
HOA / mo$29.17$29.17$29.17
Total monthly$503.98$3,120.71$3,387.81
Cash to close$451,672$46,500$46,500