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$19,324$19,324$418,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$399,176$0
Funding fee$0$0$0
Note rate6.890%6.890%7.400%
Blended rate7.440%7.736%7.640%
1st payment$133.60$133.60$2,897.61
2nd payment$0.00$2,578.01$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$9.00$9.00$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$696.76$3,274.77$3,535.48
Cash to close$445,676$46,500$46,500