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$28,625$28,625$432,000
Remaining term (yrs)6.16.130.0
Secondary amount$0$403,375$0
Funding fee$0$0$0
Note rate6.150%6.150%7.320%
Blended rate7.000%7.700%7.560%
1st payment$460.67$460.67$2,967.54
2nd payment$0.00$2,605.13$0.00
Taxes / mo$400.00$400.00$400.00
Insurance / mo$166.67$166.67$166.67
MI / mo$53.56$53.56$86.40
HOA / mo$324.00$324.00$324.00
Total monthly$1,404.90$4,010.03$3,944.61
Cash to close$451,375$48,000$48,000