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$22,326$22,326$400,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$378,174$0
Funding fee$0$0$0
Note rate7.090%7.090%7.320%
Blended rate7.640%7.744%7.560%
1st payment$159.67$159.67$2,751.16
2nd payment$0.00$2,442.37$0.00
Taxes / mo$289.83$289.83$289.83
Insurance / mo$150.00$150.00$150.00
MI / mo$10.55$10.55$80.10
HOA / mo$48.00$48.00$48.00
Total monthly$658.05$3,100.42$3,319.09
Cash to close$422,674$44,500$44,500