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$111,015$111,015$449,999
Remaining term (yrs)15.915.930.0
Secondary amount$0$338,984$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%6.924%7.640%
1st payment$755.79$755.79$3,115.70
2nd payment$0.00$2,189.27$0.00
Taxes / mo$126.79$126.79$126.79
Insurance / mo$166.67$166.67$166.67
MI / mo$118.48$118.48$90.00
HOA / mo$33.33$33.33$33.33
Total monthly$1,201.06$3,390.33$3,532.49
Cash to close$388,984$50,000$50,000