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$65,837$65,837$378,000
Remaining term (yrs)6.06.030.0
Secondary amount$0$312,163$0
Funding fee$0$0$0
Note rate4.500%4.500%7.400%
Blended rate5.350%7.332%7.640%
1st payment$1,020.50$1,020.50$2,617.20
2nd payment$0.00$2,016.05$0.00
Taxes / mo$179.67$179.67$179.67
Insurance / mo$150.00$150.00$150.00
MI / mo$142.66$142.66$75.60
HOA / mo$474.00$474.00$474.00
Total monthly$1,966.83$3,982.88$3,496.46
Cash to close$354,163$42,000$42,000