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$42,166$42,166$377,100
Remaining term (yrs)16.416.430.0
Secondary amount$0$334,934$0
Funding fee$0$0$0
Note rate3.530%3.530%7.400%
Blended rate4.380%7.373%7.640%
1st payment$280.23$280.23$2,610.96
2nd payment$0.00$2,163.11$0.00
Taxes / mo$195.17$195.17$195.17
Insurance / mo$150.00$150.00$150.00
MI / mo$44.04$44.04$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$669.44$2,832.55$3,031.55
Cash to close$376,834$41,900$41,900