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$95,721$95,721$557,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$462,189$0
Funding fee$0$0$0
Note rate3.300%3.300%7.400%
Blended rate4.150%7.132%7.640%
1st payment$484.94$484.94$3,862.86
2nd payment$0.00$2,984.97$0.00
Taxes / mo$348.17$348.17$348.17
Insurance / mo$166.67$166.67$166.67
MI / mo$78.43$78.43$111.58
HOA / mo$45.33$45.33$45.33
Total monthly$1,123.53$4,108.50$4,534.60
Cash to close$524,179$61,990$61,990