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$62,191$62,191$341,999
Remaining term (yrs)14.914.930.0
Secondary amount$0$279,809$0
Funding fee$0$0$0
Note rate4.600%4.600%7.400%
Blended rate5.450%7.332%7.640%
1st payment$478.94$478.94$2,367.93
2nd payment$0.00$1,807.10$0.00
Taxes / mo$128.67$128.67$128.67
Insurance / mo$150.00$150.00$150.00
MI / mo$66.18$66.18$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$823.78$2,630.88$2,715.00
Cash to close$317,808$38,000$38,000