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$8,830$8,830$414,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$405,170$0
Funding fee$0$0$0
Note rate6.780%6.780%7.320%
Blended rate7.330%7.741%7.560%
1st payment$61.82$61.82$2,843.89
2nd payment$0.00$2,616.72$0.00
Taxes / mo$349.33$349.33$349.33
Insurance / mo$166.67$166.67$166.67
MI / mo$4.15$4.15$82.80
HOA / mo$7.58$7.58$7.58
Total monthly$589.55$3,206.27$3,450.27
Cash to close$451,170$46,000$46,000