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$51,793$51,793$377,100
Remaining term (yrs)6.46.430.0
Secondary amount$0$325,307$0
Funding fee$0$0$0
Note rate6.380%6.380%7.320%
Blended rate7.230%7.679%7.560%
1st payment$804.62$804.62$2,590.42
2nd payment$0.00$2,100.94$0.00
Taxes / mo$82.67$82.67$82.67
Insurance / mo$150.00$150.00$150.00
MI / mo$91.31$91.31$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,128.60$3,229.53$2,898.50
Cash to close$367,207$41,900$41,900