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$20,723$20,723$418,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$397,777$0
Funding fee$0$0$0
Note rate6.080%6.080%7.400%
Blended rate6.630%7.695%7.640%
1st payment$131.83$131.83$2,897.61
2nd payment$0.00$2,568.98$0.00
Taxes / mo$269.75$269.75$269.75
Insurance / mo$166.67$166.67$166.67
MI / mo$9.74$9.74$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$577.98$3,146.96$3,417.73
Cash to close$444,277$46,500$46,500