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$27,856$27,856$405,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$377,144$0
Funding fee$0$0$0
Note rate6.720%6.720%7.320%
Blended rate7.270%7.717%7.560%
1st payment$183.11$183.11$2,782.07
2nd payment$0.00$2,435.72$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$12.98$12.98$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$721.09$3,156.81$3,388.07
Cash to close$422,144$45,000$45,000