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$57,301$57,301$359,999
Remaining term (yrs)13.913.930.0
Secondary amount$0$302,699$0
Funding fee$0$0$0
Note rate4.430%4.430%7.400%
Blended rate5.280%7.357%7.640%
1st payment$456.36$456.36$2,492.56
2nd payment$0.00$1,954.93$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$150.00$150.00$150.00
MI / mo$64.32$64.32$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,087.35$3,042.28$3,131.23
Cash to close$342,698$40,000$40,000