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$27,198$27,198$382,500
Remaining term (yrs)3.93.930.0
Secondary amount$0$355,302$0
Funding fee$0$0$0
Note rate8.090%8.090%7.400%
Blended rate8.940%7.835%7.640%
1st payment$665.13$665.13$2,648.35
2nd payment$0.00$2,294.66$0.00
Taxes / mo$90.25$90.25$90.25
Insurance / mo$150.00$150.00$150.00
MI / mo$63.66$63.66$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$969.05$3,263.70$2,965.10
Cash to close$397,802$42,500$42,500