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$14,094$14,094$404,100
Remaining term (yrs)2.42.430.0
Secondary amount$0$390,006$0
Funding fee$0$0$0
Note rate6.690%6.690%7.400%
Blended rate7.540%7.743%7.640%
1st payment$511.48$511.48$2,797.91
2nd payment$0.00$2,518.79$0.00
Taxes / mo$374.17$374.17$374.17
Insurance / mo$150.00$150.00$150.00
MI / mo$56.20$56.20$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,091.85$3,610.64$3,402.89
Cash to close$434,906$44,900$44,900