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$41,572$41,572$539,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$498,338$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%7.450%7.640%
1st payment$196.04$196.04$3,738.23
2nd payment$0.00$3,218.44$0.00
Taxes / mo$442.83$442.83$442.83
Insurance / mo$166.67$166.67$166.67
MI / mo$32.90$32.90$107.98
HOA / mo$30.83$30.83$30.83
Total monthly$869.27$4,087.70$4,486.54
Cash to close$558,328$59,990$59,990