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$65,865$65,865$378,000
Remaining term (yrs)14.914.930.0
Secondary amount$0$312,135$0
Funding fee$0$0$0
Note rate4.120%4.120%7.400%
Blended rate4.970%7.266%7.640%
1st payment$489.20$489.20$2,617.20
2nd payment$0.00$2,015.87$0.00
Taxes / mo$350.00$350.00$350.00
Insurance / mo$150.00$150.00$150.00
MI / mo$71.54$71.54$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,060.74$3,076.62$3,192.80
Cash to close$354,135$42,000$42,000