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$18,257$18,257$386,910
Remaining term (yrs)25.925.930.0
Secondary amount$0$368,653$0
Funding fee$0$0$0
Note rate6.810%6.810%7.320%
Blended rate7.360%7.732%7.560%
1st payment$125.00$125.00$2,657.80
2nd payment$0.00$2,380.88$0.00
Taxes / mo$823.50$823.50$823.50
Insurance / mo$150.00$150.00$150.00
MI / mo$8.69$8.69$77.38
HOA / mo$12.92$12.92$12.92
Total monthly$1,120.10$3,500.98$3,721.61
Cash to close$411,643$42,990$42,990