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$4,477$4,477$402,300
Remaining term (yrs)0.40.430.0
Secondary amount$0$397,823$0
Funding fee$0$0$0
Note rate7.840%7.840%7.400%
Blended rate8.690%7.760%7.640%
1st payment$656.38$656.38$2,785.44
2nd payment$0.00$2,569.27$0.00
Taxes / mo$188.42$188.42$188.42
Insurance / mo$150.00$150.00$150.00
MI / mo$64.34$64.34$80.46
HOA / mo$65.00$65.00$65.00
Total monthly$1,124.14$3,693.41$3,269.32
Cash to close$442,523$44,700$44,700