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$56,759$56,759$413,910
Remaining term (yrs)16.916.930.0
Secondary amount$0$357,151$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%7.362%7.640%
1st payment$385.95$385.95$2,865.83
2nd payment$0.00$2,306.60$0.00
Taxes / mo$661.92$661.92$661.92
Insurance / mo$166.67$166.67$166.67
MI / mo$56.78$56.78$82.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,271.32$3,577.92$3,777.19
Cash to close$403,141$45,990$45,990