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$11,993$11,993$386,910
Remaining term (yrs)1.41.430.0
Secondary amount$0$374,917$0
Funding fee$0$0$0
Note rate7.160%7.160%7.400%
Blended rate8.010%7.758%7.640%
1st payment$669.52$669.52$2,678.89
2nd payment$0.00$2,421.34$0.00
Taxes / mo$141.33$141.33$141.33
Insurance / mo$150.00$150.00$150.00
MI / mo$70.15$70.15$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,031.00$3,452.34$3,047.60
Cash to close$417,907$42,990$42,990