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$57,392$57,392$395,910
Remaining term (yrs)6.76.730.0
Secondary amount$0$338,518$0
Funding fee$0$0$0
Note rate2.660%2.660%7.400%
Blended rate3.510%7.135%7.640%
1st payment$766.21$766.21$2,741.20
2nd payment$0.00$2,186.26$0.00
Taxes / mo$147.50$147.50$147.50
Insurance / mo$150.00$150.00$150.00
MI / mo$100.93$100.93$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,164.64$3,350.91$3,117.88
Cash to close$382,508$43,990$43,990