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$86,793$86,793$422,999
Remaining term (yrs)15.615.630.0
Secondary amount$0$336,206$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%7.130%7.640%
1st payment$614.46$614.46$2,928.76
2nd payment$0.00$2,171.33$0.00
Taxes / mo$276.08$276.08$276.08
Insurance / mo$166.67$166.67$166.67
MI / mo$92.50$92.50$84.60
HOA / mo$26.00$26.00$26.00
Total monthly$1,175.71$3,347.04$3,482.11
Cash to close$383,206$47,000$47,000