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$4,845$4,845$359,999
Remaining term (yrs)0.50.530.0
Secondary amount$0$355,155$0
Funding fee$0$0$0
Note rate7.970%7.970%7.400%
Blended rate8.820%7.764%7.640%
1st payment$623.81$623.81$2,492.56
2nd payment$0.00$2,293.71$0.00
Taxes / mo$176.12$176.12$176.12
Insurance / mo$150.00$150.00$150.00
MI / mo$60.39$60.39$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,010.32$3,304.02$2,890.68
Cash to close$395,154$40,000$40,000