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$19,293$19,293$430,583
Remaining term (yrs)23.023.030.0
Secondary amount$0$411,289$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%7.604%7.640%
1st payment$102.93$102.93$2,981.27
2nd payment$0.00$2,656.24$0.00
Taxes / mo$398.69$398.69$398.69
Insurance / mo$166.67$166.67$166.67
MI / mo$15.94$15.94$86.12
HOA / mo$0.00$0.00$0.00
Total monthly$684.22$3,340.46$3,632.74
Cash to close$459,132$47,843$47,843