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$30,876$30,876$463,500
Remaining term (yrs)16.216.230.0
Secondary amount$0$432,624$0
Funding fee$0$0$0
Note rate3.010%3.010%7.320%
Blended rate3.860%7.491%7.560%
1st payment$199.61$199.61$3,183.92
2nd payment$0.00$2,794.03$0.00
Taxes / mo$756.49$756.49$756.49
Insurance / mo$166.67$166.67$166.67
MI / mo$26.39$26.39$92.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,149.15$3,943.18$4,199.78
Cash to close$484,124$51,500$51,500