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$23,776$23,776$405,000
Remaining term (yrs)28.928.930.0
Secondary amount$0$381,224$0
Funding fee$0$0$0
Note rate6.580%6.580%7.400%
Blended rate7.130%7.714%7.640%
1st payment$153.08$153.08$2,804.14
2nd payment$0.00$2,462.07$0.00
Taxes / mo$344.00$344.00$344.00
Insurance / mo$150.00$150.00$150.00
MI / mo$11.01$11.01$81.00
HOA / mo$89.00$89.00$89.00
Total monthly$747.08$3,209.15$3,468.14
Cash to close$426,224$45,000$45,000