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$35,576$35,576$418,500
Remaining term (yrs)4.44.430.0
Secondary amount$0$382,924$0
Funding fee$0$0$0
Note rate7.150%7.150%7.400%
Blended rate8.000%7.771%7.640%
1st payment$772.42$772.42$2,897.61
2nd payment$0.00$2,473.05$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$81.01$81.01$83.70
HOA / mo$380.00$380.00$380.00
Total monthly$1,787.59$4,260.64$3,915.48
Cash to close$429,424$46,500$46,500