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$21,491$21,491$432,000
Remaining term (yrs)21.721.730.0
Secondary amount$0$410,509$0
Funding fee$0$0$0
Note rate7.090%7.090%7.400%
Blended rate7.640%7.745%7.640%
1st payment$161.47$161.47$2,991.08
2nd payment$0.00$2,651.21$0.00
Taxes / mo$52.75$52.75$52.75
Insurance / mo$166.67$166.67$166.67
MI / mo$10.23$10.23$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$391.12$3,042.33$3,296.90
Cash to close$458,509$48,000$48,000