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$105,204$105,204$409,500
Remaining term (yrs)18.518.530.0
Secondary amount$0$304,296$0
Funding fee$0$0$0
Note rate3.780%3.780%7.320%
Blended rate4.630%6.948%7.560%
1st payment$655.40$655.40$2,812.98
2nd payment$0.00$1,965.24$0.00
Taxes / mo$379.17$379.17$379.17
Insurance / mo$166.67$166.67$166.67
MI / mo$99.88$99.88$81.90
HOA / mo$387.00$387.00$387.00
Total monthly$1,688.10$3,653.35$3,827.71
Cash to close$349,796$45,500$45,500