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$92,197$92,197$427,500
Remaining term (yrs)16.616.630.0
Secondary amount$0$335,303$0
Funding fee$0$0$0
Note rate3.930%3.930%7.320%
Blended rate4.780%7.109%7.560%
1st payment$626.83$626.83$2,936.63
2nd payment$0.00$2,165.50$0.00
Taxes / mo$94.42$94.42$94.42
Insurance / mo$166.67$166.67$166.67
MI / mo$93.79$93.79$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$981.71$3,147.21$3,283.21
Cash to close$382,803$47,500$47,500