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$14,857$14,857$405,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$390,143$0
Funding fee$0$0$0
Note rate6.230%6.230%7.320%
Blended rate6.780%7.714%7.560%
1st payment$97.29$97.29$2,782.07
2nd payment$0.00$2,519.67$0.00
Taxes / mo$285.17$285.17$285.17
Insurance / mo$150.00$150.00$150.00
MI / mo$6.88$6.88$81.00
HOA / mo$70.00$70.00$70.00
Total monthly$609.34$3,129.01$3,368.24
Cash to close$435,143$45,000$45,000