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$73,159$73,159$459,489
Remaining term (yrs)18.718.730.0
Secondary amount$0$386,330$0
Funding fee$0$0$0
Note rate4.090%4.090%7.400%
Blended rate4.940%7.303%7.640%
1st payment$464.76$464.76$3,181.41
2nd payment$0.00$2,495.05$0.00
Taxes / mo$425.45$425.45$425.45
Insurance / mo$166.67$166.67$166.67
MI / mo$68.21$68.21$91.90
HOA / mo$125.00$125.00$125.00
Total monthly$1,250.09$3,745.14$3,990.42
Cash to close$437,384$51,054$51,054