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$23,353$23,353$422,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$398,747$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.699%7.640%
1st payment$154.99$154.99$2,922.54
2nd payment$0.00$2,575.24$0.00
Taxes / mo$390.83$390.83$390.83
Insurance / mo$166.67$166.67$166.67
MI / mo$11.24$11.24$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$723.73$3,298.97$3,564.46
Cash to close$445,647$46,900$46,900