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$82,370$82,370$463,500
Remaining term (yrs)21.921.930.0
Secondary amount$0$381,130$0
Funding fee$0$0$0
Note rate4.600%4.600%7.320%
Blended rate5.450%7.341%7.560%
1st payment$495.53$495.53$3,183.92
2nd payment$0.00$2,461.47$0.00
Taxes / mo$429.17$429.17$429.17
Insurance / mo$166.67$166.67$166.67
MI / mo$68.47$68.47$92.70
HOA / mo$28.00$28.00$28.00
Total monthly$1,187.83$3,649.30$3,900.46
Cash to close$432,630$51,500$51,500