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$76,436$76,436$481,500
Remaining term (yrs)22.422.430.0
Secondary amount$0$405,064$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%7.363%7.640%
1st payment$448.99$448.99$3,333.81
2nd payment$0.00$2,616.04$0.00
Taxes / mo$445.83$445.83$445.83
Insurance / mo$166.67$166.67$166.67
MI / mo$63.06$63.06$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,124.56$3,740.59$4,042.61
Cash to close$458,564$53,500$53,500