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$12,840$12,840$377,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$365,070$0
Funding fee$0$0$0
Note rate6.880%6.880%7.400%
Blended rate7.430%7.739%7.640%
1st payment$91.69$91.69$2,616.57
2nd payment$0.00$2,357.75$0.00
Taxes / mo$229.58$229.58$229.58
Insurance / mo$150.00$150.00$150.00
MI / mo$6.10$6.10$75.58
HOA / mo$14.58$14.58$14.58
Total monthly$491.96$2,849.70$3,086.32
Cash to close$407,060$41,990$41,990