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$64,534$64,534$422,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$357,566$0
Funding fee$0$0$0
Note rate6.480%6.480%7.400%
Blended rate7.030%7.640%7.640%
1st payment$424.69$424.69$2,922.54
2nd payment$0.00$2,309.28$0.00
Taxes / mo$308.67$308.67$308.67
Insurance / mo$166.67$166.67$166.67
MI / mo$30.86$30.86$84.42
HOA / mo$90.00$90.00$90.00
Total monthly$1,020.88$3,330.16$3,572.29
Cash to close$404,466$46,900$46,900