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$84,756$84,756$507,600
Remaining term (yrs)23.523.530.0
Secondary amount$0$422,844$0
Funding fee$0$0$0
Note rate3.290%3.290%7.400%
Blended rate4.140%7.147%7.640%
1st payment$429.94$429.94$3,514.52
2nd payment$0.00$2,730.87$0.00
Taxes / mo$470.00$470.00$470.00
Insurance / mo$166.67$166.67$166.67
MI / mo$69.62$69.62$101.52
HOA / mo$0.00$0.00$0.00
Total monthly$1,136.23$3,867.10$4,252.71
Cash to close$479,244$56,400$56,400