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$13,192$13,192$400,499
Remaining term (yrs)23.023.030.0
Secondary amount$0$387,307$0
Funding fee$0$0$0
Note rate6.090%6.090%7.400%
Blended rate6.640%7.713%7.640%
1st payment$88.65$88.65$2,772.97
2nd payment$0.00$2,501.36$0.00
Taxes / mo$208.17$208.17$208.17
Insurance / mo$150.00$150.00$150.00
MI / mo$6.25$6.25$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$453.07$2,954.43$3,211.24
Cash to close$431,807$44,500$44,500