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$23,903$23,903$382,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$358,597$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.731%7.640%
1st payment$167.06$167.06$2,648.35
2nd payment$0.00$2,315.94$0.00
Taxes / mo$625.42$625.42$625.42
Insurance / mo$150.00$150.00$150.00
MI / mo$11.25$11.25$76.50
HOA / mo$225.00$225.00$225.00
Total monthly$1,178.73$3,494.66$3,725.27
Cash to close$401,097$42,500$42,500