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$101,812$101,812$468,000
Remaining term (yrs)16.216.230.0
Secondary amount$0$366,188$0
Funding fee$0$0$0
Note rate3.380%3.380%7.320%
Blended rate4.230%6.984%7.560%
1st payment$676.68$676.68$3,214.84
2nd payment$0.00$2,364.96$0.00
Taxes / mo$433.33$433.33$433.33
Insurance / mo$166.67$166.67$166.67
MI / mo$108.35$108.35$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,385.03$3,749.99$3,908.44
Cash to close$418,188$52,000$52,000