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$23,931$23,931$413,910
Remaining term (yrs)21.321.330.0
Secondary amount$0$389,979$0
Funding fee$0$0$0
Note rate6.950%6.950%7.320%
Blended rate7.500%7.736%7.560%
1st payment$179.23$179.23$2,843.27
2nd payment$0.00$2,518.61$0.00
Taxes / mo$152.67$152.67$152.67
Insurance / mo$166.67$166.67$166.67
MI / mo$11.50$11.50$82.78
HOA / mo$12.67$12.67$12.67
Total monthly$522.73$3,041.34$3,258.06
Cash to close$435,969$45,990$45,990