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$39,698$39,698$413,100
Remaining term (yrs)4.64.630.0
Secondary amount$0$373,402$0
Funding fee$0$0$0
Note rate7.040%7.040%7.320%
Blended rate7.890%7.763%7.560%
1st payment$821.41$821.41$2,837.71
2nd payment$0.00$2,411.55$0.00
Taxes / mo$140.00$140.00$140.00
Insurance / mo$166.67$166.67$166.67
MI / mo$87.10$87.10$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,215.18$3,626.73$3,227.00
Cash to close$419,302$45,900$45,900