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$11,317$11,317$399,600
Remaining term (yrs)37.437.430.0
Secondary amount$0$388,283$0
Funding fee$0$0$0
Note rate6.940%6.940%7.400%
Blended rate7.490%7.743%7.640%
1st payment$70.70$70.70$2,766.75
2nd payment$0.00$2,507.66$0.00
Taxes / mo$210.00$210.00$210.00
Insurance / mo$150.00$150.00$150.00
MI / mo$5.25$5.25$79.92
HOA / mo$138.00$138.00$138.00
Total monthly$573.95$3,081.61$3,344.67
Cash to close$432,683$44,400$44,400