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$69,071$69,071$449,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$380,839$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%7.220%7.560%
1st payment$357.01$357.01$3,090.57
2nd payment$0.00$2,459.59$0.00
Taxes / mo$416.58$416.58$416.58
Insurance / mo$166.67$166.67$166.67
MI / mo$56.67$56.67$89.98
HOA / mo$558.00$558.00$558.00
Total monthly$1,554.92$4,014.51$4,321.80
Cash to close$430,829$49,990$49,990