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$9,593$9,593$404,910
Remaining term (yrs)25.725.730.0
Secondary amount$0$395,317$0
Funding fee$0$0$0
Note rate6.570%6.570%7.400%
Blended rate7.120%7.735%7.640%
1st payment$64.37$64.37$2,803.52
2nd payment$0.00$2,553.09$0.00
Taxes / mo$482.92$482.92$482.92
Insurance / mo$150.00$150.00$150.00
MI / mo$4.58$4.58$80.98
HOA / mo$85.00$85.00$85.00
Total monthly$786.86$3,339.96$3,602.41
Cash to close$440,307$44,990$44,990