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$43,918$43,918$413,100
Remaining term (yrs)6.26.230.0
Secondary amount$0$369,182$0
Funding fee$0$0$0
Note rate5.940%5.940%7.320%
Blended rate6.790%7.648%7.560%
1st payment$694.78$694.78$2,837.71
2nd payment$0.00$2,384.30$0.00
Taxes / mo$160.66$160.66$160.66
Insurance / mo$166.67$166.67$166.67
MI / mo$82.61$82.61$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,104.71$3,489.01$3,247.65
Cash to close$415,082$45,900$45,900