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$33,395$33,395$422,100
Remaining term (yrs)16.916.930.0
Secondary amount$0$388,705$0
Funding fee$0$0$0
Note rate5.550%5.550%7.320%
Blended rate6.400%7.643%7.560%
1st payment$252.50$252.50$2,899.53
2nd payment$0.00$2,510.39$0.00
Taxes / mo$367.50$367.50$367.50
Insurance / mo$166.67$166.67$166.67
MI / mo$26.58$26.58$84.42
HOA / mo$8.33$8.33$8.33
Total monthly$821.58$3,331.97$3,526.45
Cash to close$435,605$46,900$46,900