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$18,203$18,203$432,000
Remaining term (yrs)27.927.930.0
Secondary amount$0$413,797$0
Funding fee$0$0$0
Note rate6.740%6.740%7.400%
Blended rate7.290%7.731%7.640%
1st payment$120.61$120.61$2,991.08
2nd payment$0.00$2,672.44$0.00
Taxes / mo$181.92$181.92$181.92
Insurance / mo$166.67$166.67$166.67
MI / mo$8.44$8.44$86.40
HOA / mo$65.00$65.00$65.00
Total monthly$542.64$3,215.07$3,491.06
Cash to close$461,797$48,000$48,000