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$8,047$8,047$428,310
Remaining term (yrs)24.924.930.0
Secondary amount$0$420,263$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.741%7.640%
1st payment$55.47$55.47$2,965.53
2nd payment$0.00$2,714.20$0.00
Taxes / mo$560.17$560.17$560.17
Insurance / mo$166.67$166.67$166.67
MI / mo$3.74$3.74$85.66
HOA / mo$257.00$257.00$257.00
Total monthly$1,043.05$3,757.25$4,035.03
Cash to close$467,853$47,590$47,590