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$54,679$54,679$431,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$376,421$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%7.254%7.640%
1st payment$259.59$259.59$2,984.85
2nd payment$0.00$2,431.05$0.00
Taxes / mo$399.17$399.17$399.17
Insurance / mo$166.67$166.67$166.67
MI / mo$43.67$43.67$86.22
HOA / mo$0.00$0.00$0.00
Total monthly$869.09$3,300.15$3,636.90
Cash to close$424,321$47,900$47,900