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$64,627$64,627$405,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$340,373$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%7.126%7.640%
1st payment$313.98$313.98$2,804.14
2nd payment$0.00$2,198.24$0.00
Taxes / mo$459.00$459.00$459.00
Insurance / mo$150.00$150.00$150.00
MI / mo$52.82$52.82$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$975.80$3,174.05$3,494.14
Cash to close$385,373$45,000$45,000