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$12,528$12,528$413,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$400,572$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.738%7.640%
1st payment$87.26$87.26$2,860.22
2nd payment$0.00$2,587.03$0.00
Taxes / mo$281.58$281.58$281.58
Insurance / mo$166.67$166.67$166.67
MI / mo$5.84$5.84$82.62
HOA / mo$220.00$220.00$220.00
Total monthly$761.35$3,348.37$3,611.09
Cash to close$446,472$45,900$45,900