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$22,675$22,675$382,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$359,825$0
Funding fee$0$0$0
Note rate7.290%7.290%7.400%
Blended rate7.840%7.755%7.640%
1st payment$163.54$163.54$2,648.35
2nd payment$0.00$2,323.87$0.00
Taxes / mo$155.00$155.00$155.00
Insurance / mo$150.00$150.00$150.00
MI / mo$10.73$10.73$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$479.26$2,803.13$3,029.85
Cash to close$402,325$42,500$42,500