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$30,141$30,141$404,910
Remaining term (yrs)29.429.430.0
Secondary amount$0$374,769$0
Funding fee$0$0$0
Note rate6.630%6.630%7.400%
Blended rate7.180%7.708%7.640%
1st payment$194.13$194.13$2,803.52
2nd payment$0.00$2,420.39$0.00
Taxes / mo$374.92$374.92$374.92
Insurance / mo$150.00$150.00$150.00
MI / mo$13.89$13.89$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$732.94$3,153.33$3,409.41
Cash to close$419,759$44,990$44,990