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$401,993$401,993$454,500
Remaining term (yrs)24.224.230.0
Secondary amount$0$52,507$0
Funding fee$0$0$0
Note rate0.000%0.000%7.320%
Blended rate0.550%1.526%7.560%
1st payment$1,339.98$1,339.98$3,122.10
2nd payment$0.00$393.80$0.00
Taxes / mo$164.33$164.33$164.33
Insurance / mo$166.67$166.67$166.67
MI / mo$184.25$184.25$90.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,855.22$2,249.03$3,544.00
Cash to close$103,007$50,500$50,500