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$54,626$54,626$395,100
Remaining term (yrs)29.329.330.0
Secondary amount$0$340,474$0
Funding fee$0$0$0
Note rate6.210%6.210%7.400%
Blended rate6.760%7.613%7.640%
1st payment$337.21$337.21$2,735.59
2nd payment$0.00$2,198.89$0.00
Taxes / mo$365.83$365.83$365.83
Insurance / mo$150.00$150.00$150.00
MI / mo$25.21$25.21$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$878.26$3,077.15$3,330.45
Cash to close$384,374$43,900$43,900