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$21,467$21,467$382,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$361,033$0
Funding fee$0$0$0
Note rate6.240%6.240%7.400%
Blended rate6.790%7.696%7.640%
1st payment$143.52$143.52$2,648.35
2nd payment$0.00$2,331.67$0.00
Taxes / mo$407.79$407.79$407.79
Insurance / mo$150.00$150.00$150.00
MI / mo$9.98$9.98$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$711.30$3,042.97$3,282.65
Cash to close$403,533$42,500$42,500